Wealthcreatures.com
Lots of Query on SAKAR HEALTHCARE IT WAS OUR DIWALI PICK STOCK HAD A DEEP FALL BUT RECOVERED SMARTLY Had out performed Markets and still trading Above Our buy zone GOOD Q4 NUMBERS Strength above 168 - 170 closing zone....waiting patiently …
One stock which
Possible fresh ATH IN NEXT 2 QTRS & Much higher levels in 12 to 16 Qtrs
VERY few stocks which are holding up even in this Meltdown
Support@ 150 - 145 zone
Possible fresh ATH IN NEXT 2 QTRS & Much higher levels in 12 to 16 Qtrs
VERY few stocks which are holding up even in this Meltdown
Support@ 150 - 145 zone
Wealthcreatures.com
MFL 1315
MFL
1275
Can we see 1160 - 1200 zone?
Waiting
1275
Can we see 1160 - 1200 zone?
Waiting
Wealthcreatures.com
DWARIKESH SUGAR # 92.50 Praj Inds Also recovering 💚
PRAJ INDS
Days Low - 302
LAST TIME TOOK SUPPORT FROM 320 - 327 ZONE
SHOULD HOLD UP 275 - 290 ZONE
Showing signs of REVERSAL
The day mkts Reverse
This can lead next Leg of Rally
Keep close watch
Days Low - 302
LAST TIME TOOK SUPPORT FROM 320 - 327 ZONE
SHOULD HOLD UP 275 - 290 ZONE
Showing signs of REVERSAL
The day mkts Reverse
This can lead next Leg of Rally
Keep close watch
18 month Rally which started from, April'20 To Oct '21
Followed by,
9 month correction from Oct'21 To June 2022
Bull market corrections are usually smaller in time than the Rise
Sensex dint break March Lows
Nifty Broke by 11pts.
Everyone/majority watch Nifty levels.
Sensex march low 52260 and Recent swing low 52460.
Nifty March low 15671 and Recent swing lows 15660.
Followed by,
9 month correction from Oct'21 To June 2022
Bull market corrections are usually smaller in time than the Rise
Sensex dint break March Lows
Nifty Broke by 11pts.
Everyone/majority watch Nifty levels.
Sensex march low 52260 and Recent swing low 52460.
Nifty March low 15671 and Recent swing lows 15660.
Wealthcreatures.com
Read in Aarti Inds statement There Margins Got Trimmed Due To High Nitric Acid Prices Dimag ki batti chali Which are Nitric acid stocks Only 2 best one already Given at much lower levels DEEPAK FERTLISER GNFC Both would do good in coming Days …
GNFC
Nitric acid would be again Reiterating Reason for GNFC
There is shortage of Nitric acid in INDIA and its not easy to import
Any new capacity takes 3 yrs time
Nitric acid is another rare commodity chemical which has not seen price correction recently vs many other commodity corrected
Being No.1 producer in this as well is another big achievement for GNFC
I think comp is moving towards achieving 10000 crs turnover in FY23
Need to watch fY23 Q1 very closely & see if company archives 2100 to 2200cr Turnover
Generally June Qtr is lowest in sales term from past History....let's c
We expect 2100cr Sales & Ebidta at 28% to 29% which works around 588cr & possible PAT at 20% TO 22% Which works out to be around 420cr to 460cr
It can Double on YOY BASIS also than wld be biggest Trigger and Rerating.
Nitric acid would be again Reiterating Reason for GNFC
There is shortage of Nitric acid in INDIA and its not easy to import
Any new capacity takes 3 yrs time
Nitric acid is another rare commodity chemical which has not seen price correction recently vs many other commodity corrected
Being No.1 producer in this as well is another big achievement for GNFC
I think comp is moving towards achieving 10000 crs turnover in FY23
Need to watch fY23 Q1 very closely & see if company archives 2100 to 2200cr Turnover
Generally June Qtr is lowest in sales term from past History....let's c
We expect 2100cr Sales & Ebidta at 28% to 29% which works around 588cr & possible PAT at 20% TO 22% Which works out to be around 420cr to 460cr
It can Double on YOY BASIS also than wld be biggest Trigger and Rerating.
Wealthcreatures.com
PRAJ INDS Days Low - 302 LAST TIME TOOK SUPPORT FROM 320 - 327 ZONE SHOULD HOLD UP 275 - 290 ZONE Showing signs of REVERSAL The day mkts Reverse This can lead next Leg of Rally Keep close watch
PRAJ INDS
ABOVE 360 CLOSE WLD CONFIRM BOTTOM HAS BEEN DONE ✔️
ABOVE 360 CLOSE WLD CONFIRM BOTTOM HAS BEEN DONE ✔️
The fall in Down jones was probably because it's factoring in a 75 bps hike tonight which is 40 year high inflation
If there is only 50bps hike & Little positive commentary from Fed for future this wld spurt Reversal in Down Jones and Even positive Relief Rally worldwide
LETS WATCH EVENT VERY CLOSELY
If there is only 50bps hike & Little positive commentary from Fed for future this wld spurt Reversal in Down Jones and Even positive Relief Rally worldwide
LETS WATCH EVENT VERY CLOSELY
FOMC Update
🔅FED raises rates by 75 bps point
🔅 Current rate stands at 1.5%-1.75%
🔅 First 75 bps point increase since November 1994
🔅Feb could also increase 75bps in July month.
🔅US 10Y Yield at 3.39 ( 3.40 before decision)
🔅US 2Y Yield at 3.35 (3.33 before decision)
🔅$Index at (105.08 before decision)
🔅EUR/USD at 1.0405
🔅GBP/USD at 1.2088
🔅USD/JPY at 134.45
🔅Fed sees rates at:
3.4% in 2022
3.8% in 2023
3.4% in 2024
2.5% in the "longer run"
🔅Fed expects 40bps of rate cuts in 2024, 90bps beyond 2024
🔅FED raises rates by 75 bps point
🔅 Current rate stands at 1.5%-1.75%
🔅 First 75 bps point increase since November 1994
🔅Feb could also increase 75bps in July month.
🔅US 10Y Yield at 3.39 ( 3.40 before decision)
🔅US 2Y Yield at 3.35 (3.33 before decision)
🔅$Index at (105.08 before decision)
🔅EUR/USD at 1.0405
🔅GBP/USD at 1.2088
🔅USD/JPY at 134.45
🔅Fed sees rates at:
3.4% in 2022
3.8% in 2023
3.4% in 2024
2.5% in the "longer run"
🔅Fed expects 40bps of rate cuts in 2024, 90bps beyond 2024
Things to watch closely that wld Give mkt Road Map going Ahead
How Crude Moves
Behavior of $ Index
War Situation
Walls street sounds lounder for Recession aft Fed Rate hike -- Need to watch more closely
How Inflation is going in next 3 months - India & World wide
RBI Meet commentary
Reduction on Tariff by U.S on China
Monsoon Situation in India & it's ease on inflation if Any
How Crude Moves
Behavior of $ Index
War Situation
Walls street sounds lounder for Recession aft Fed Rate hike -- Need to watch more closely
How Inflation is going in next 3 months - India & World wide
RBI Meet commentary
Reduction on Tariff by U.S on China
Monsoon Situation in India & it's ease on inflation if Any
16000 is 1st Stiff Resistance for Nifty
Only on close above that wld give strength 💪
Only on close above that wld give strength 💪
Wealthcreatures.com
ONE STOCK TO KEEP ON RADAR NAVIN FLOURINE Yest Lows - 3657 Support @ 3560 - 3300 Check the pattern of 2018-19 Stock were consolidating when broader market were correcting Same Kind of Patter Again in making.
NAVIN FLOURINE
CHECK
Even in last 15 days it has not corrected
Moving in specific Range only
CHECK
Even in last 15 days it has not corrected
Moving in specific Range only
Nifty & Sensex Hits NEW
52wk Lows
Nifty @ 15370 down 17.5% from 52wk High
Sensex @ 51524 down approx 17% From 52wk High
52wk Lows
Nifty @ 15370 down 17.5% from 52wk High
Sensex @ 51524 down approx 17% From 52wk High