​Now some people might be happy not to create wealth but most people in my generation, most of my client base want to create a degree of wealth for themselves and I am afraid that is not going to come from investing in fixed deposits in a country like India, that is only going to come from investing in high quality equities.

In the past three months, the stock has risen 24 percent.

Asian Paints numbers are quite disappointing in terms of the kind of volume growth they reported as well as the overall growth so it was a significant miss.

"When stocks move from under ownership to adequate ownership, prices spurt," said VK Vijayakumar, chief investment strategist at Geojit Financial Services. "The sudden change in earnings and improving prospects have led to a market re-rating which has resulted in spurt in stock prices."

"The outlook improved with 18%, 15%, and 5% falls in steel, bitumen, and diesel prices, raising the prospect of faster execution with visible margins in 2023. Business visibility (BTB 3x), order pick-up, and margin visibility are rerating catalysts. We adjust earnings and raise our target prices for our E&C coverage," it added.

From the doorsteps of 19000, the sustained decline was disappointing, though not unexpected. However, the psychological mark of 18000 failed to trigger a solid bounce, and appears to have rattled traders, prompting talks of 17500-300, also evidenced by Nifty put option activity.

Max Financial Services jumped 3 percent to Rs 735.4 and formed long bullish candlestick pattern on the daily charts with above average volumes, with higher high higher low formation for third straight session. In fact, it has been in an uptrend after break out of long downward sloping resistance trend line adjoining September 20 and December 19, 2022, on January 3.

Stocks from the Railways, infrastructure, defence, divestment and renewables segments would be in focus.

“We are going to end FY23 with Nifty EPS somewhere close to Rs 810 odd and maybe FY24 will be closer to Rs 920 odd. So at 18,000 odd or 20 times multiple, it is pretty fair, especially in an environment where rates are higher and valuation expansion looks unlikely. ”

This is the third time that the Nifty PSE index is approaching the 4,500 mark. On the last two occasions, the index failed to move further, and had to face more than 16% fall.Technical analyst Milan Vaishnav said a breakout is impending but the index is facing resistance at current levels.

Some experts believe that stocks in this space are up for big gains in 2023 in the run-up to the Union Budget for 2023-24 (April-March) in February. This would be the last one ahead of the general elections in 2024, and experts are eyeing a growth-oriented budget from the incumbent government to give further impetus to capital investments.

We are not here to garner popularity. Our job is to look after clients money carefully. We have doubled our clients money net of all fees and that is roughly 19% compounding at a time when the Nifty has done around 15%.

Secondly, many stocks have rallied 20-30% from their respective lows, but they are still 15-20% away from their respective 52-week highs. In the meanwhile, the market has reached a new high. Second, fundamentally IT over the last two decades has handled and negotiated many macro crises brilliantly,

The BSE Realty index clocked over 4% gains, being the top sectoral index gainer for the week.

​The S&P BSE Sensex topped 63,000 while the Nifty50 also hit 18,700 levels on Wednesday.

“Inflation risk is now behind us. I do not think we are going to get major shocks on the crude oil front. I just do not see any major huge derailment risk for our current bull market. There will be, of course, corrections here and there, but every single dip from here on in India is an absolute and total screaming buy.”

According to experts, 18,450-18,500 is likely to be a crucial area for further upside. If the said zone sustains, then new highs are possible in the coming days, with support at 18,300, followed by 18,000 levels

Punjab National Bank shares rallied more than 5 percent on November 25 to Rs 53.6, their highest closing since February 14, 2020, and formed a bullish candle on the daily charts

BHEL 25 Nov 2022 The stock was showing a good price action for the past couple of weeks, today BO of previous resistance TL with good volume. In Play : HH-HL Summary • Clean TL BO with Vol • Trading above VAH • Next Resistance 108 : SH Conclusion • CMP 80.65 • Test Qty can be initiated • Add to the position on RT-TL • Higher Targets could be around o Short Term : 102/120 o Mid/Long Term : 145-177-264 Wish You Happy & safe trading Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own …