4. Will Reliance get the support at current levels?
Earlier Resistance:
900-920
Now 900-
920
should act
as support
5. Trading Strategy: 22% Upside 4.5% downside
Long on Reliance at 930 with stop loss at
890 and target of 1140
Duration: 4 months
Probability of success: Medium to Low
Now 900-
920
should act
as support
6. Large Cap IT: Avoid
Large Cap IT has got mixed response post results. The sector seems to be
under pressure but keep an eye on mid cap IT
7. Hexaware manages a decent bounce
Hexaware jumped from 170
to 189 in 2 days flat
8. The real Bull Market is in
Oil and Gas Sector – PSU
stocks
HPCL: Buy on declines
BPCL: Buy on declines
9. Here’s one stock that collapsed because of fall in
Crude Oil
The stock is Cairn
10. One sector that market hates
Real Estate
But there are exceptions. Market likes Sobha
Developers
19. We see the
market as we
want to see it,
not as it exists
Make Believe world
20. Thank You
• Disclaimer - The state of the market presentation is Deepak's perspective on
the market. The presentation is purely for educational purpose. Nothing
contained herein is a solicitation to trade or a recommendation of a specific
trade. By reading this presentation you agree to make no trade relying in
whole or in part on the comments of the writers
• Chart Source: Chartalert.com
• If you have any question about the presentation: send me an email at
2deepaksingh@gmail.com
• Follow me on YouTube: youtube.com/2deepaksingh
• Twitter id: @smarket