Top 3 Investments for Stock Investors

 

      Top 3 Investments  for Stock Investors

         The Nifty touched a new high of 15930 on June 28 as the Indian stock market traded higher. But, at some point in the past when the new peak was reached the market could not sustain itself in that position and saw declines again. This time the day of the new peak was the day of the descent. This pattern of highs and lows was seen throughout the week.

          This trend does not bode well for assuming that the market is still on the bull side. The market is reaching new highs. But. The question of why the trade did not end on the upswing is still unanswered. Perhaps, the environment is not conducive to bullfighting?

Of course this situation is really worrying. However, on all trading days, the downtrend was below the test range of 15600-15680 and never fell below this level. Therefore, the context for the bear's course is not yet clear.

While bulls and bears are not currently strong in the market, the market tends to move within a range. This limit can be developed on a weekly basis. Therefore, market performance is likely to be slightly sluggish.

Currently international news is determining market sentiment. This may continue until the release of the next quarter financial results. Therefore, expect a lower range of fluctuations.

You can buy stocks when there are downs in the coming week. However, short-term traders should keep a firm stop loss below the Nifty 15450 level. The Nifty is likely to reach new highs if it moves beyond the 15850 level in the course of the uptrend.

Thirumalai Chemicals (TIRUMALCHM)

The current price is Rs.154.15

Can buy

             As the company reported some significant financial results in the last quarter, it has developed a more optimistic outlook for the next quarter. This opposite view is already beginning to show in the trading performance of the stock.

        Good price movement is also seen in higher volumes from its consolidation levels. Following this trend, the share price is likely to touch Rs 170-185. You can invest in this stock with StopLoss for less than Rs.138.

JSWENERGY

  The current price is Rs.176.30

  Can buy

         Energy based stocks are currently in demand. This is because of some of the government's policy decisions and concessions.

           In this field J.S. W Energy stock has been rising since last March. It has risen from Rs.80 to the current price.

           No weakness is seen in the course of this uptrend, so investments can be made towards the target price of 190-208 in the coming weeks. You can buy this stock with a stop loss of Rs.155.

Birla Soft (BSOFT)

The current price is Rs 403

Can buy

           This role has already been recommended. It was very cheap then.

            Since then it has seen good boom. The present is again indicative of a move from a consolidation course to an uptrend. It is likely to rise to Rs 440-450 when it breaks out of the current level. You can buy this stock with StopLas for less than Rs.380.