Listen to our Podcast on Market outlook for June 2019 Mr. Dharmesh Shah, Head Technical Research, ICICIdirect. Topics Covered:. Outlook on market post-election outcome in the coming month and 1-year horizon. Outlook on Bank nifty. Outlook on Midcap indices. Sector & Stock in focus. Likes(1) Comments(0) Login and view more. ICICI Direct Research: ICICI Direct provides its clients with the best research material and recommendable products. Each type of investor is offered the best services whether you are a beginner or an active trader. Market Insights. Market Commentary; Special Reports; Market Outlook. Monthly Derivative Reports; Monthly MF Reports; Trading Recommendations.
NIFTYCLOSE- 11407.15 (17.05. 2019)Market settled in the positive territory last week.
It managed to hold on to the crucial support of 11,000 levels on Nifty, near its short-term reversal levels as mentioned below. It made a low of 11,108.30 so far in this correction. It’s still expected to trade in the range between 11,000-11,550 levels for short term till we get decisive breakout at either of side ahead of major election results this week. Any kind of decline or consolidation is buying opportunity in specific stocks till short term reverses.Short-term outlook for the market remains positive till Nifty trades above 10,940 levels and it is expected to move in the range of 11,800-12,000 levels.
Medium term outlook for the market remains positive till the index trades above 9,951 levels and the expected trading range is 12,800-13,200 levels.Mid-and-small-cap indices ended the week in the negative territory. It’s still underperforming on short-term basis as compared to the main indices (NIFTY/and BANK NIFTY).It has still managed to hold its September 2018 and February 2019 lows in this correction and closed around these levels. It has to catch up now for further confirmation of overall trend of the market. One should closely watch out broader market behavior in the coming weeks at current levels of market ahead of election results next week. It still looks like high possibility of end of this divergence at recent bottom and from now onwards, we will get broader market rally for higher level targets in short-to-medium term. Risk reward is favorable to buy individual stocks at current levels of market.closed in positive territory in the week gone. It made a low of 28,571 levels so far in this correction.
It’s still trading in range between 28,500-29,400 levels for short term, till we get decisive breakout at either of side ahead of major election results next week. 27,000 level is strong support on Bank Nifty, till it holds that level, one can expect higher targets around 31,000-32,000 levels in short term. Any kind of decline or consolidation is buying opportunity till short term reverses.23,600 is the strong support for medium-term perspective; till it holds this level, one can expect higher targets in the range of 34,000 levels on medium-term perspective.11,000 and 12,000 levels are strong support and resistance levels, respectively based on option open interest (OI) data for current month series.
Any kind of such short-term correction or consolidation is stock-specific buying opportunity for medium to long term perspective, till medium-term reverses. Market to remain volatile till the outcome of the general elections is known.Momentum indicators Daily KST & DAILY MACD both are in SELL indicating volatility for short term. One should be stock-specific and follow the trend with trail stop loss levels till it reverses.
Risk reward is favorable to BUY at current levels of market. Close below short-term reversal levels will lead to sharp correction till 10,800/10,400 levels on Nifty in the short term.Stock Picks:– BUYCLOSE – Rs 91.40.
TARGET – Rs 96/100closed the week in the positive territory. It looks like an end of short term correction. It is outperforming in short term. Its daily momentum indicators are in BUY. It managed to close above 20-DMA.
Risk reward is favorable to BUY at current levels. One can buy with a stop loss of Rs 85.65 for the target of 96/100 levels in short term.L&T – BUYCLOSE – Rs 1,361.90TARGET – Rs 1,400/1,420L&T closed weekly in positive territory. It looks like end of short-term correction. Its daily momentum indicators are in BUY.
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It closed above 20 DMA. Risk Reward is favorable to BUY at current levels.
One can buy with a stop loss of Rs 1,300 for the target of Rs 1,400/1,420 levels in short term.– BUYCLOSE – Rs 800TARGET – Rs 862closed daily in positive territory. It looks like end of short term correction. It is outperforming in short term. Its daily momentum indicators are in BUY. It closed above 20-DMA.
Risk reward is favorable to BUY at current levels. One can buy with a stop loss of Rs 765 for the target of Rs 862 levels in short term.HERO MOTOR – BUYCLOSE – Rs 2,632TARGET – Rs 2,720/2,820On charts, the stock looks like end of short-term correction. It has broken out of its daily Triangular Pattern.
Its Daily Momentum indicators are in BUY. It closed above 20 DMA. Risk reward is favorable to BUY at current levels. One can buy with a stop loss of Rs 2,485 for the target of Rs 2,720/2,820 levels in short term.– BUYCLOSE – Rs 714.70TARGET – Rs 750/790closed daily in positive territory. It looks like end of short-term correction. Its Daily Momentum indicators are in BUY.
Risk reward is favorable to BUY at current levels. One can buy with a stop loss of Rs 682 for the target of Rs 750/790 levels in short term.Devang Shah: The author of www.trendtechno.com (Trade with Trend) and an independent market analyst.Disclaimer: The analyst may have a position in the scrip mentioned above; the views given above are the personal views of the analyst.
DUBLIN-( )- Research and Markets has announced the addition of the report to their offering.According to India Sanitaryware Market Outlook 2021, India'ssanitaryware market is estimated to grow with the CAGR of 20.87% overthe period of six years.HSIL being the market leader will face fierce competition in comingyears from the new multinationals coming to India along with Parryware,Roca and Cera as the major competition in the premium and super premiumsegment. The organized market is going to be benefitted due to the shiftin preferences of the consumers towards high value products. Cera isexpected to enjoy the benefits of both the premium and basic levelsegment as it caters to the entire segment and have 60% market share inthe basic segment which may further increase due to government schemeswhich will create demand for the basic sanitaryware products.India sanitaryware market is growing with the CAGR of 12% to 15% fromlast four years and is projected to have a steady growth by the year2021 due to increasing disposable income, rapid urbanization andchanging end user preferences. The Indian sanitaryware market is dividedinto Organized market and Unorganized market. There are approximately250 local companies majority of which are located in Gujarat, theunorganized players produces sanitaryware using traditional technologiesand they serve mass market and export market while the organized ones inthe segment uses latest technologies and addresses to standard andpremium market segment.The big organized players in the segment are HSIL, Parryware, Cera, Rocaand others.
The major share in terms of value is captured by theorganized players. The demand for the sanitaryware products arisesmainly from institutional sector viz.
Real estate, hospitals and hotelindustries and retail sector.Key Topics Covered:1. Executive Summary2. Global Sanitaryware Market Outlook2.1. Market Size2.1.1.
By Value2.1.2. By Volume2.2. Market Share2.2.1. By Region (Production)2.2.2. By Demand2.2.3.
India Sanitaryware Market Outlook3.1. Market Size - By Value3.1.1. Overall Sanitaryware Market3.1.2. Unorganized Sanitaryware Market3.1.3. Organized Sanitaryware Market3.1.4. Consumer Type3.1.5.1.
Institutional Consumer3.1.5.2. Retail Consumer3.2. Market Size - By Volume3.2.1. Overall Sanitaryware Market3.2.2. Unorganized Sanitaryware Market3.2.3. Organized Sanitaryware Market3.3. Market Share3.4.
Pricing Analysis4. Company Profiles4.1.1. Somany Ceramics4.1.4.
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H&R Johnson4.1.5. Kohler India Corporation Private LimitedFor more information visit.