3 Oct, 2025
How was the week?
In previous week, we discussed how 24,450 is an important support for Nifty. Nifty was due for a reversal which we saw in this week. However, Nifty is still not out of the woods yet. A small bounce does not exude much confidence yet.
Nifty 50
There is not much change in Nifty.
Nifty Small Cap 100
The index of Small Cap is just at 10 EMA. Any upmove from here is significant to watch. Why do I look at Small cap? Because most of universe which may give an upmove are companies with Mcap in Small cap or Midcap Space. Your stocks will perform better. This is a guide or overview which you can see if the health of market is good or not.
Which are the strong stocks?
Netweb
This stock which we discussed last week, continues to be in my portfolio. The stock has given an impressive 16% in 2-3 days. Such stocks should not be removed from your portfolio. Next step is to trail your SL to base low of ~4000 or say a break of 5 EMA. A Large Base breakout results in Type 1 breakout. Follow through was given by the stock today with towering volumes.
Moschip
The stock is again setting up. Above 220 is when the stock will emerge out of a small throwback in a flag pattern.
Indian Bank
Stock is showing a strong characteristic. If it makes a small base, it is a good setup to try.
Hero motocorp
Stock is high on EPS +RS. Forming a small base and it is from Auto Industry, a sector which is strong.
Some other stocks – Poonawala Fincorp, Anantraj, BEL are also looking good on the charts – Good means low risk entry available.
Happy Learning!