1
2

This week, the broader index surged to another life high on closing basis. The market at present is being driven by strong liquidity inflow & breadth is absolutely positive. The series of higher bottoms are visible on both weekly & daily timeframes & 19th Oct bottom at 10146 becomes important. As long as Nifty maintains above this mark, the short term uptrend remains intact.

1
2

Stocks belonging to NBFC sector are extremely bullish & Bharat Finance is one of the leaders in this sector. The stock is showing strong bullish momentum within a primary uptrend & warrants a buy at CMP with stop loss at 950 on closing basis & target 1040.

1
2

This consumer durable stock faced some resistance last week and retraced back, although the primary & intermediate uptrends are very much alive. One can buy this stock above 392 with stop loss at 381 & target 410.

1
2

It is another primary uptrending stock currently subjected to a pull back & deserves a long position. Buy above 274 with stop loss at 263 & target 290.

1
2

After a significant sell-off, Havells right now is negotiating a multi-month support area at 480 regions & since the primary uptrend is still valid, we can take a buy position in this stock here. One could buy Havells at 489 with stop loss at 479 & target 514.



New User?Register Now
×

Research Disclaimer

Proficient Equities Pvt. Ltd. is engaged in services of retail broking and shares research data and reports periodically with clients, investors, stakeholders and general public in compliance with SEBI Act, 1992, SEBI (Research Analysts) Regulations, 2014 and/or any other applicable directives, instructions or guidelines issued by the Regulators from time to time.

Proficient Equities Pvt. Ltd. (hereinafter referred to as “Proficient”) is a registered Member of NSE Limited, BSE Limited, MSEI Limited and its associate is member of MCX and NCDEX stock Exchange. It is also registered as a Depository Participant with CDSL.

Our research report is for your general information only and reproducing, re-circulating, publishing it in any media,website, in partial form or as a whole, without the express consent of Proficient Equities Pvt. Ltd. is prohibited. The
report is meant solely for use by the original recipient to whom it is sent. It does not take into account the particular investment objectives, financial situations, or needs of individual clients. The recommendations, if any, made herein are expression of views and/or opinions and should not be deemed or construed to be neither advice/offer for the purpose of purchase or sale of any securities mentioned herein. Investor should rely on information/data arising out of their own investigations. Investors are advised to seek independent professional advice and arrive at an informed trading/investment decision before executing any trades or making any investments.

Proficient or its associates including its relatives/analyst do not hold any financial interest/beneficial ownership of more than 1% in the company covered by Analyst. Proficient or its associates/ relatives neither has been debarred/suspended by SEBI or any other regulatory authority/exchange for accessing/ dealing in securities Market nor have any material conflict of interest. Proficient or its associates/ analyst have neither received any compensation from the company covered by Analyst during the past twelve months nor any subject company have been a client of Proficient during the past twelve months. Proficient or its associates has not received any compensation or other benefits from the company covered by analyst or third party in connection with the research report. The Analyst has not served as an officer, director or employee of company covered by Analyst and Proficient has not been engaged in market making activity of the company covered by Analyst.

The views expressed are based solely on information available publicly available/internal data/ other reliable sources believed to be true.Proficient does not represent/ provide any warranty express or implied to the accuracy, contents or views expressed herein and investors are advised to independently evaluate the market conditions/risks involved before making any investment decision.

SEBI Research Analyst Reg. No. INH 300002498
Proficient Equities Pvt. Ltd.
×