Nifty / Stocks prediction for Nov 21, 2018

Yesterday on Nov20, 2018 Nifty opened at 10740, which was also high for the day, made low of  10640 and closed at 10656

What about today Nov 21?

Today Nifty can go down upto 10580-10600 level. Chances to going down to 10550 are less

On upper side it can move upto 10700 level

Nifty may remain range bound for quite some time in the range of 10660 to 10600

All the above levels are approximate

Please note that the above predictions are based on technical data and charts so any news can override this.

Overnight crude has fallen by $5 to $6 approximately

So petroleum, paint stocks and tyre stocks  can move up today.

Dr.Reddy's Lab can move up due to positive news

Keep aviation stocks in watch list

Nifty predictions and stocks to buy for Nov 19, 2018

Last few days market/ nifty is moving up as expected.

On Friday Nov 16, 2018 Nifty opened at 10,644, made high of 10,682 and low of 10,631 and closed at 10682

Now what about Monday?

For Monday Nov 19th, 2018 my predictions for Nifty are as follows

Nifty can go down upto 10,630 approx and can go high upto 10,800

It can remain range bound for quite sometime in the area of 10,680 to 10,730

Nifty can close near 10,760


I have recommended few stocks to buy for positional trade when Nifty was around 10,000 but now they have moved up.

But you can accumulate following stocks on dips

ITC, Yes bank, Tata Motors - remember they can fall further so you have to buy in staggered way

You can also start accumulating CIPLA on dips for positional trade, it will move up in coming days

Reliance was recommended when it was near 1050 and below that but now it has moved up to 1127, so if you get chance to buy it below 1100 you can start accumulating for long term.

Tomorrow RBI meeting is there, any announcement or outcome can affect PSU  bank stocks.

Stocks to buy on Nov 2, 2018 for positional trade

Following stocks may move up tomorrow or in coming days

Grasim Industries

ONGC 

Yes Bank

Tomorrow Nifty may open gap up - in that case you may not be able to buy above stocks at CMP or at lower than that. So in that case wait for them to go down, in case they open high. Keep accumulating on dips and it may go up tomorrow itself or in coming days.

Dabur India - this stock went down today because of Q2 results. It may go down further tomorrow, so wait and then buy on dips.

Dr. Reddy's Laboratories - this stock went down today due to negative news, it may fall tomorrow so wait for fall then accumulate on dips.

Above is my analysis, and I can be wrong, so please do your analysis before taking any decision.

Above article is only for information and study purpose, please take advice of your financial adviser before entering into any financial transaction.