BIG VOLATILITY EXPECTED IN DECEMBER
On Dec 1 G20 Meeting with special focus on Trump-Xi meeting & Monthly Auto Sales Data were declreared.
Dec 5 – RBI Monetary Policy
Dec 6 – OPEC Meeting
Dec 8 – Assembly Elections Exit Polls
Dec 11 – State Election Outcome
Dec 12 – Wpi inflation data
Dec 14 – RBI Board Meeting
Dec 15 – Advance tax Numbers
Dec 19 – FED meeting.
Nifty Has very strong support at 10760/10550 zone.
Nifty Would face Resistance – 11050/11111/11290
Bank Nifty has strong support – 26400 and can Test 27100/27400.
Stock to keep on Radar for December month & For Medium term for 10% To 30% upside.
♨️Hotel stock – Indian Hotel,Hotel Leela ventures ,Taj GVK
♨️Liquor stocks – GM Breweries,McDowell,Radico khaitan,United Breweries
♨️Auto stocks – Escorts, M&M.
♨️Chemical & Fert – IOL chemical,Deepak Fertlizer,Deepak Nitrite,Meghmani organics,Mangalam organic.
♨️Midcap IT – Datamatics,Hexaware
♨️Other stocks -Delta Corp, Dmart,RIL,L&T,Aurobindo.
Disc – All views expressed are personal and for study & Education purpose only.consult your financial advisor before investing.