Technical Analysis on Request:S&P CNX Nifty

It is been a massive change in Market dynamics after a terrorist organisation i.e ISIS had captured cities of Iraq. We have seen this implication on Capital, Forex and Commodity. There are few important things we have to understand regarding Iraq, that  is the country is a dominant exporter of oil in OPEC countries and an 2nd largest exporter of oil to the world and hold around 10% of world oil reserve.

Crux of the issue

The recent terror unrest caused in Iraq is directly implicating on world crude oil and that is causing a domino effect on all stocks and commodities all over the world. 

Apart this, we have report saying ISIS are targeting major oil refineries and had hit the countries one of the biggest oil refinery  which supply countries quarter of the oil Demand. 

All the above points mentioned are systematic risk and they are unavoidable and cannot be controlled by a individual. If there is a continuous rise in crude price, it will have a  negative effect as the rise in CAD,  falling rupee and high inflation are unhealthy for the Capital Markets/ Nifty. 

Market Bullish Triggers

Apart Monsoon and Budget result are the most expected result which will trigger a rally. 

 Technical View:

We are clearly able to see that RSI had given a bearish signal and MACD had also given a Bearish crossover see fig 1. Yesterday was a bearish candlestick. Till now the direction is not clear and we still need conformation of today's market. If today is bullish then market we will see a small rally probably making a higher high. If today turns to be a bearish day then market will find a support as  given in fig 2. 

Fig 1

Fig 2

Combo Technical Analysis: Reliance and Century Textile

Reliance Industries
My last 2 articles on Reliance have lead to a profit of nearly 20%. Now The stock is making a bearish Engulfing and Negative reversal on RSI

Century Textile

From the previous article on Century Textile the stock had made 34% Profit. Now the stock is making a bearish engulfing and can show a reversal after a downside breakout 

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Analysis on Request: Gitanjali Gems Ltd

Gitanjali Gems on a Glimpse:
Most of all companies who are into Gold business have been badly hit by the Raghuram Rajan's measure to control deficit last year. Which eventually affected the stocks like Titan, Gitanjali PCJ, TBZ etc. But the most important fact for the observation here is Gitanjali have Rs.3000cr as Debt and there net profit is growing year by year. The stock need to recover from the Raghuram's policy. Along with it, the end of Gold Rush saga will also bring a huge impact on companies operational activities

Recently, RBI eased gold import rules which benefited various people like jewelers, traders, Bullion dealers and banks. But, Raghuram imposed many other  restriction on gold apart import restriction like transaction tax and curbs on ETF. The underlying demand for gold is unchanged and company have potential sales opportunities. I am expecting munch more friendly measure so that it benefit companies like Gitanjali Gems.

Technical Analysis

Technically this stock is strong and recently shown a major crossover of 100DMA & 200DMA. Currently the stock is in consolidation. Untill and unless I see the reversal it is unclear to comment on it. 

Glenmark Pharma: An Fundamental+ Technical View

Fundamentals:
The stock is a buzz in every fundamental analyst perspective. And I personally had a look at this industry. And the company is performing good in Indian market majorly capturing heat, breathing, anti-infection and skin segment. All segments are performing a single digit growth (1-5%) yoy apart skin(which is giving +8% growth). I feel the stock had consolidated more than its value, after making a yearly high in recent days.

Technicals:
The stock can currently give a 14% return within few months. And the stock had bullish crossover of (100 & 200DMA). It has also withstood and sharp correction recently, currently the stock has shown a reversal at its support i.e @510. As per my analysis the stock is potentially good in Indian market. And 550 &610 can stand a resistance. This stock can surly be a multibagger if its quarterly & yearly performance is showing the same growth. 

Century Textile

Technical Analysis on Request: DLF Part-2

The stocks like DLF are always volatile and need a keen understanding for trading. Currently the stock is making a bullish divergence and finding support. No reversal is seen


Kindly note: I am a MBA student. Not a certified adviser and I suggest my views on stocks and commodities never recommend for a buy/sell.

Technical Analysis on Request: Aurobindo Pharma

No one are bearish on  Aurobindo Pharma. But, technically I am able to see a rising wedge in this stock along with it. I am also able to see a bearish divergence in this stock

 The stock will be bearish after an bearish breakout in the trend