There was fall in the market last week due to Karnataka election results, china-america trade, rise in oil price. As the week come to an end, there were more stablisation in the global factor and indian factor.
Below is analysis for some of the stocks and expected behavior in the coming week. Next week, will be back with how the analysis for the week went by and some new stocks will be analysed.
Below is analysis for some of the stocks and expected behavior in the coming week. Next week, will be back with how the analysis for the week went by and some new stocks will be analysed.
| Stock | Last Week Price Change | Expected Weekly Price Change | Trend | Expectation |
|---|---|---|---|---|
| Nifty | 0 to -0.5% | 1 to 2% | Positive | The market fall in the start of week due to rising oil prices, karnataka results, and increase in world tension. This seems to have stabilised as the week end with easing world tension and karnataka. I feel a positive movement in nifty in this week. Expect a movement of 1 to 2% for this week |
| Bhushan Steel | 30-40% | 5-10% | Positive | Bhushan Steel has stressed assets. Tata Steel has taken over bhushan steel, which is positive for the company. Only negative for the stock and sector is the global uncertainityand volatilty in global metal prices. Still expected positive trend to continue to follow for bhushan steel. |
| Castrol India | 0 to 2% | 0-5% | Positive | Castrol India has been added to the list as expected to benefit from the sudden fall in oil prices with Russia and OPEC to increase the oil production. The trend is on the global trend only which are expected to be positive |
| PC Jewellers | 10-20% | 10% | Positive | Both last week price range and this week price expectation shows a positive trend. But picture is not as smooth. The stock has fallen from 600 to 100 before coming back to 200. Positive is the last week trend, stable result and buyback planned in the stock and reduction in jewellary stock buzz post nirav modi gitanjali episode. Negative is t.he volatilty in the stock and the industry |
| Bajaj Finance | 5-10% | 0-5% | Medium term positive | Bajaj was rangebound in the range of 1650-1900 for many months. With the results, it has broken the range and is moving in new territory. the graph suggest it as a strong buy for short term and long term |
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