Friday, July 11, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

nooresh merani: Two stock ideas for next week by Nooresh Merani

by Euro Times
September 10, 2022
in Business
Reading Time: 3 mins read
A A
0
Home Business
Share on FacebookShare on Twitter


“A brief time period breakout has already taken place on the Nifty as nicely on the Financial institution Nifty,” stated Nooresh Merani, unbiased technical analyst. Edited excerpts:


The Nifty scaled an important degree of 17800 whereas the Financial institution Nifty touched 40,000 this week. What ought to we be careful for subsequent ?


A brief time period breakout has already taken place on the Nifty as nicely on the Financial institution Nifty. We’re taking a bit little bit of a pause going into the weekend however total the view stays the identical. Merchants ought to maintain a cease loss and experience on to the transfer. We now have continued to make larger tops and better bottoms so for now 17600 or 17720 will be saved as cease loss if any person has an excessive brief time period goal in thoughts.

Equally for the Financial institution Nifty 41000-41200 is a goal now and a trailing cease loss will be positioned nearer to that 40000 mark. So total the bias is constructive. There can be inventory particular and sector particular rotations.

The week belonged to a variety of these cement shares. noticed a stable up transfer. We’re additionally having that dialogue when it comes to Extremely Tech Cement versus . If you must take a look at the technical charts and inform us your high picks from the sector what would that be?

I might go along with Extremely Tech as the remainder of the names truly noticed some little bit of revenue reserving. Even

has come again to retest that 6750-6780 breakout level. So that might be a purchase round these areas with the strict cease loss at 6700. Shree Cement has already carried out a big transfer so I might go along with say a purchase on UltraTech Cement solely within the sector.

On the FMCG pack though the shares had been very lifeless within the week passed by be it , or , the basic information is that palm oil costs have hit a 52-week low which might be the following set off for all of those FMCG firms. So are these inventory costs on the technical entrance getting ready themselves for the following up transfer?

Trying on the largest title within the sector which is

, the issue is that it’s a very troublesome chart to know as a result of the development has not been nice.
It has a bunch of resistance round that 2800 mark which is the earlier cease. Additionally the very fact is the inventory was at 2400-2500 in April 2020 within the restoration of COVID itself and since then it has been round that 2400 mark for the final two-two and a half years. So the development shouldn’t be nice throughout these FMCG names. One has to play them solely when there’s a variety of despondency when it comes to the worth fall is unhealthy, the information is unhealthy, that’s the finest time to get into a variety of these FMCG names that are defensive in nature.

So at present a palm oil transfer signifies there ought to be some momentum. I might be a bit cautious of this momentum commerce on FMCG so we should always keep away from these shares. The one FMCG inventory which is developing on our radar is

. which has damaged out and remains to be holding on.

What are the inventory particular concepts that you’ve for us?
Once more we shall be focussing on the banking names. We now have seen a brand new 52-week excessive on

that appears set for additional momentum on condition that now we have already moved up fairly a bit throughout the board. We’d go for a strict cease loss at 540 and a goal value of 590. Second can be which is but to meet up with the entire banking rally, the inventory is attempting to make that breakout transfer of 1500 if it does so it may go in the direction of 1600. Hold a strict cease loss at 1475.

(Disclaimer: Suggestions, recommendations, views, and opinions given by the consultants are their very own. These don’t characterize the views of Financial Occasions)



Source link

Tags: IdeasmeraninooreshStockweek
Previous Post

The Ethereum Merge Is Coming—Here’s How to Earn ETH From Staking

Next Post

ETH Bulls Targeting $1,800 This Weekend – Market Updates Bitcoin News

Related Posts

Elon Musk’s SpaceX set to launch Israel’s Dror satellite

Elon Musk’s SpaceX set to launch Israel’s Dror satellite

by Assaf Gilead
July 11, 2025
0

On Sunday morning US billionaire Elon Musk's SpaceX's Falcon 9 rocket will launch Israel Aerospace Industries (IAI) Dror 1...

Apple iPhone 16e, Samsung Galaxy S24 Ultra, OnePlus Nord 5

Apple iPhone 16e, Samsung Galaxy S24 Ultra, OnePlus Nord 5

by NDTV Profit Tech
July 11, 2025
0

4. iQOO 13 (Ace Inexperienced): Rs 52,999 (Down From Rs 61,999)Outfitted with a 6,000mAh battery, 6.82-inch FHD display screen, 50MP...

Crude oil futures gain as Trump plans major Russia statement 

Crude oil futures gain as Trump plans major Russia statement 

by Euro Times
July 11, 2025
0

At 9.53 am on Friday, September Brent oil futures have been at $68.79, up by 0.22%, and August crude oil...

US stocks: S&P 500, Nasdaq rise to record highs boosted by Nvidia record valuation, strong Delta forecast

US stocks: S&P 500, Nasdaq rise to record highs boosted by Nvidia record valuation, strong Delta forecast

by Euro Times
July 11, 2025
0

The S&P 500 and the Nasdaq Composite rose modestly to publish file closing highs on Thursday, boosted by an upbeat...

Furniture Insider: Data and Trends for Resellers (2025)

Furniture Insider: Data and Trends for Resellers (2025)

by Andrea Vargas
July 10, 2025
0

The furnishings class is rapidly increasing in each quantity and recognition. Main manufacturers and retailers depend on B-Inventory—the world’s largest...

Saratoga Investment Q1: ROE Beating The BDC Industry Average (NYSE:SAR)

Saratoga Investment Q1: ROE Beating The BDC Industry Average (NYSE:SAR)

by David Johnson
July 10, 2025
0

This text was written byObserveDavid A. Johnson is founder and principal of Endurance Capital Administration, a New Jersey Restricted Legal...

Next Post
ETH Bulls Targeting ,800 This Weekend – Market Updates Bitcoin News

ETH Bulls Targeting $1,800 This Weekend – Market Updates Bitcoin News

Queen Elizabeth Under Medical Supervision, Doctors “Concerned”

Queen Elizabeth Under Medical Supervision, Doctors "Concerned"

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Why ACA health insurance premiums may see ‘sharp’ increase in 2026

Why ACA health insurance premiums may see ‘sharp’ increase in 2026

July 11, 2025
PEP, Supportive Care, and More

PEP, Supportive Care, and More

July 11, 2025
Research Predicts 0,000 Bitcoin By EOY, If Treasury Firms Hold

Research Predicts $160,000 Bitcoin By EOY, If Treasury Firms Hold

July 11, 2025
Russia develops Mi-80 to replace iconic Hip helicopter

Russia develops Mi-80 to replace iconic Hip helicopter

July 11, 2025
Elon Musk’s SpaceX set to launch Israel’s Dror satellite

Elon Musk’s SpaceX set to launch Israel’s Dror satellite

July 11, 2025
Corn Sticking Close to Unchanged at Midday

Corn Sticking Close to Unchanged at Midday

July 11, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

Why ACA health insurance premiums may see ‘sharp’ increase in 2026

PEP, Supportive Care, and More

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In