Ranbaxy Laboratories Ltd. is a leader in pharma sector in India as well as in US, UK and European markets. The company has a long list of its patents. Ranbaxy was acquired by a Japanese pharmaceutical company Daichi in 2008 and then company's performance has gone through many obstacles. Ranbaxy was listed on NSE on 28 June in year 1995, and the stock has nicely appreciated in the last 16 years. ... [Continue Reading]
Indian Banking Stocks Have Strong Fundamentals: Kotak Bank Can be Strong Stock for Short Term
Kotak Mahindra Bank is a private sector company that was listed on NSE on 20 December 1995, the stock price as on 1999 was about Re.1 per share and as the bull run began it climbed to Rs.719 by January 2008, this is about 719 times returns. Following the stock chart we see that there is long term bullish outlook for KOTAKBANK and we are only looking for the buying opportunity as long the price ... [Continue Reading]
Bajaj Auto is Bullish Stock in Weak Market, Buy BAJAJ-AUTO for Short Term Target 1700
Bajaj Auto started its bull run from 12 December 2008 from the low of 131 to the high of 1665 level on 26 November 2010. So this stock is one of the best out performer in Nifty index and it will still continuing its bull run after some consolidation. When we look at the charts of Bajaj Auto stock we see that the intermediate trend is mildly bullish and only a close above the 1365 levels for 2 days ... [Continue Reading]
Short Term Trading Nifty Future Using Fibonacci Retracement Level
Fibonacci retracement level is actually combination of ratios of numbers of Fibonacci series. These ratios are used as support resistance in stocks and other financial markets, most of traders look these level for placing their entry orders also it is used to place stop loss for trade. So overall Fibonacci retracement in very important or I say must have tool for trading. Now I will demonstrate on ... [Continue Reading]
How to Find Support and Resistance Levels of Nifty Future for Short Term
Nifty future charts are very useful to find out exact areas of support as well as resistance over the daily chart. As charts are representation of historical data, it becomes very useful to see how markets have reacted earlier to those levels and depending on that reaction, history may repeat itself. Now see a level where nifty future previously found support on that daily chart, then check which ... [Continue Reading]