Penny stocks are highly infamous amongst the active traders. People often fall for these stocks and then finally realize that these stocks are worthless. These stocks are gaining good ground in the Indian stock market, as fresh inflows and liquidity driving the market higher and higher. After going through 1700+ stocks in NSE, we have compiled a list of penny stocks that are traded on ... [Continue Reading]
Nifty 50 stocks that are bullish in Short and Medium term
Nifty future has bounced very strongly from 4800 level and bulls rally has made nifty to test 5360 level. But as we all were expecting a correction, this correction has finally come, which bought nifty future around 5200 level yesterday. So I am sharing those stocks which were major participants in the bull rally, here is the list of ... [Continue Reading]
IGL stock has fallen 33% today, Trading outlook for Short term
IGL has opened lower today by 30% and we are seeing more downside in this stock in short term, however IGL on weekly chart has support near 230 level. So on approaching this support we see IGL temporarily bouncing towards 245 and 270 level. On chart 230 level is 38.2% Fibonacci retracement level, but we are not confident that this level held for long time, our short term strategy on IGL will be ... [Continue Reading]
How can Currencies Impact Nifty Futures Movements in Short Term
Our local currency is Indian Rupee INR, Indian government spend large amount of foreign exchange in importing crude oil from oil exporting countries like Iran. If the cost of USD is high then crude import cost also rise, pressuring oil marketing companies to hike fuel prices. As we all know if fuel prices were hiked, inflation becomes the problem. How high inflation is problem: Rising ... [Continue Reading]
Short term target for 3IINFOTECH stock, Bulls must Return, IT Stocks may Weaken Further
3I Infotech was listed in way back on 22 April 2005, this software firm has grown very steadily in past few years time. Also we are expecting this growth to continue for its long term run. When we look at charts its shock is mildly bearish and needs to consolidate in next few months, but if it closes above the 53 level we are going to see the bullish trend coming again in this stock. So for ... [Continue Reading]