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8 September 2023
Friday
Lot was said about the trends inability to sustain at higher levels but the positive cheer displayed by the markets indicate that the steady consolidation at higher levels indicate that the trends would sustain.
Lot was said about the trends inability to sustain at higher levels but the positive cheer displayed by the markets indicate that the steady consolidation at higher levels indicate that the trends would sustain. After holding around 19200 zone the rebound from where the markets showed some positive traction despite steady profit booking received at higher levels. The buying interest emerging at lower levels indicate that the trends in this index were focused on heading higher.
With RBI to discontinue incremental cash reserve ratio in a phased manner it has triggered some positive vibes in the banking space. However, it seems to have not created a stir. Now, it would be interesting to see how the markets absorb the global cues and also address the domestic volatility. With the bullish bias continuing to hold we should be looking at a mix of breakout and dip buy strategies. In this issue we have featured – PERSISTENT SYSTEMS, LUPIN, PRINCE PIPE, HERITAGE FOODS.
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Dr C K Narayan is an advisory that equips subscribers with right information, analysis, updates and recommendations to enable high returns.
C K Narayan will identify trading opportunities with prospect of high potential in stocks, stock futures and options, index futures and options. This service will also highlight profitable tradable situations in the Currency and Commodity markets. The trading calls and follow up calls will be rendered through SMS for timely action.
Follow up SMS may be sent if and when there is any change in the advised content of earlier messages. (The SMS will mention entry price range, stop loss levels and the expected target zones)
The weekly roundup report will provide detailed insights on the current and future market trends. It will outline the trading opportunities in the week ahead.
A typical newsletter from the Research Analyst - Mr. C.K. Narayan will contain the following
Market analysis: The index column will give a detailed outlook on Nifty and Nifty Futures and the broader market trend. It will detail the important technical levels that traders should pay attention to in the following week while keeping the larger perspective in view.
Stock watch: Stock Watch column analyses investment prospects in stocks, stock futures and options for the following week.
Commodity & Currency watch: This section will give you a perspective on global news and events that impact the commodity and currency markets and will identify trading opportunities within them.
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His varied business experience from smallest retail client to large FII clients gives him unique insights into the workings of the market. His views are much sought after and he has been featured as an expert market commentator on television and print media. He has also trained thousands of technical analysts across the country.
In his analysis services, Dr C K Narayan uses a unique combination of simple trend following techniques as well as the complex world of Gann and Elliot wave methods in addition to using trading systems created from proprietary algorithms.
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