NIFTY SHOULD RE TEST SUPPORT OF 17800

IF CLOSED BELOW 17800 THAN POSSIBLE 17660 - 17500

In next 2 to 3 days I.T stocks shkd make base and possible consolidation for 1 to 2 weeks and Than we can see upmove in I.T stocks

I.T index Strong Support @36000
Today's Low - 36776

KABRA EXTRUSION

FRESH ATH

533

Very close to 10X

DEEPAK NITRITE

Showing strength is ❤️Mkts

2.5% 💚

DEEPAK FERTLISER

CMP - 512

DAYS LOW - 496

Support@ 490

All dips are Buying opportunity for Fresh ATH

DEEPAK NITRITE
AT DAYS HIGH
2652

🔆MARKETS RUNS ON SENTIMENT IN SHORT TERM

🔆IN MEDIUM TERM IT RUNS ON EVENTS AND TREND

🔆IN LONGTERM MARKET RUNS On BUSSINESS MODEL/GROWTH/EARNINGS/QUALITY OF PROMOTORS/SECTORIAL TAIL WINDS

For More Such Educational Information & Stock Ideas 💡

Join us at

T.me/wealthcreature

NIFTY

Support for Day @ 17600

Strong support@ 17500

Technical Gap Filling pending at 17418 - 17440

High chances
Monday can be Reserval Day if we touch 17500 - 17600 zone

Stocks Looking Strong & Not participating much in this Fall Which are Reco by US

PRAJ INDS
DWARIKESH SUGAR
DEEPAK NITRITE
DEEPAK FERTLISER
VIPUL ORGANICS
KABRA EXTRUSION
LMW
BAJAJ STEEL
BHARAT BIJLEE (BBL)
GNFC
CDSL
NIIT LTD
GLOBUS SPIRIT
POONAWALA FINCORP

If you have cash Add Quality Stocks & Bussiness on Dips by ignoring Short term NOISE

&

If You don't have atlest Dont sell your GEMS in this Panic

KOPRAN

Showing strong Accmulation near its support zone of 286

Days Low - 289

Sportking Good Numbers

DEEPAK NITRITE
2425
Support@ 2390/2350

Good rate To add for medium to long term investors

Top 5 stocks in which FII increased stake in Dec Quarter

IRB INFRA 34.81 %

Deepak Fert 10.38%

Saregama 07.03%

Lodha Dev. 06.54%

SupremeInd 05.78%

% bought by FII in last quarter

INVESTING FUNDA

Correction are part of Markets

Market runs of Sentiments/Valuation/Earnings/ Future Growth & Technical Support

Keep Adding Your 🏆 Winners
( Quality & Growth Stocks) near support Zone

Best to add in 3 to 4 parts on major Dips

Short term there can be Hicupps in markets But longterm value creation is there

Major support In Nifty @ 17000
zone for markets

Nifty Todays Low @ 17404

No one can predict exact low or High for markets

Nifty has Already corrected from 18275 To 17404 zone which were recent Highs

High chances nifty can find support@ 17200/17000
and we can see upmove and short covering

Currently Risk Reward looks Good

When Market gives you Attractive opportunities for a stock to Buy

You DOUBT for that Stocks at corrected price

When the same stock start enjoying High Premium, it looks attractive

None of the STOCKS fundamental has changed in past 5 DAYS

Only COLOUR of market changed

Avoid emotions stick to QUALITY BUSSINESS PERFORMANCE.

Today's market is like

Deepak Nitrite
FY22Q3

Net profit up 12% at
Rs 242.46 cr Vs Rs 216.5 cr YoY
QoQ - down 5%
242.46cr VS 254.34cr

Revenue up 39.5% at Rs 1722.2 cr Vs Rs 1,234.6 cr YoY
QoQ - 1722cr Vs 1681cr

EBITDA up 5% at Rs 351.8 cr Vs Rs 335 cr YoY
QoQ - 351.85cr Vs 386.54cr

EBITDA margin at 20.43% Vs 27.1% YoY
QOQ - 20.43 vs 22.99%

Phenolics margin decline QoQ, due to Phenol spreads reducing.
(rising again from last month almost now)

Performance products Superb numbers and in black and prices also sky Rocketing
In performance products 476% growth YOY

Basic Intermediates did well

Margin pressure due to 🔋 power & other expense