Stocks for the week: September 4th Week | 2024 | Vijay Thakkar

Summary

Vijay Thakur welcomes viewers to discuss the stock market's recent performance, noting a potential new all-time high. He analyzes market movements post-Fed rate cut, highlighting mid-cap and PSU stocks' strong performance. Thakur discusses sectors like IT, media, and pharma, emphasizing the importance of technical analysis in stock selection. He shares insights on 'Campas Activwear Limited,' suggesting a possible rebirth with a target of ₹640, based on a reversal breakout pattern. Thakur also promotes an upcoming webinar on stock analysis techniques, inviting viewers to join.

Takeaways

• 📈 The market seems to be near an all-time high after a poor performance two weeks ago, and the speaker anticipates continued positive trends.
• 📊 Last week, the market showed no significant movement for three weeks, followed by two days of good movement after the Fed's rate cut.
• 💹 Mid-cap and small-cap stocks showed good traction, particularly in sectors favored by FII (Foreign Institutional Investors).
• 📉 On the 20th, the market had a significant rally, reaching lower levels, indicating intraday movements.
• 🏦 Bank Nifty outperformed the Nifty by almost double, driven by large-cap banks and stocks favored by FII.
• 📊 The Nifty's monthly time frame chart shows a strong candle, with support at 24,750 being crucial for the market's direction.
• 📈 Bank Nifty's monthly chart indicates a significant breakout, which is uncommon for indices and suggests a multi-year breakout.
• 📉 IT, media, and pharma sectors underperformed after showing good performance in the previous two weeks.
• 🏢 The speaker shares a stock analysis, focusing on a particular stock that has shown a strong breakout and potential for a 'rebirth' in the market.
• 📈 The speaker discusses an inverse head and shoulders pattern in a stock, which is a bullish signal, and provides a detailed analysis of its potential.
• 📅 The speaker is organizing a webinar on October 20th and 21st to teach stock selection and analysis methods based on multi-year breakouts.

Q & A

What is the main topic of the video?

The main topic of the video is a discussion about the stock market, specifically focusing on the recent performance and future prospects of various sectors and stocks.

What was the market condition discussed in the video two weeks prior?

Two weeks prior, the market was described as looking bad, but by the time of the video, it seemed to be approaching a new all-time high.

What significant event occurred on the 19th that impacted the market?

On the 19th, the market experienced a gap-up due to a rate cut by the Fed, which had occurred overnight for the speaker's location.

Which sectors performed poorly in the discussed week?

The IT sector, media, and pharmaceutical sectors performed poorly, as they had been performing well in the previous two weeks but did not maintain that performance.

What was the advice given about the IT sector despite its recent poor performance?

The speaker advised that the IT sector is still strong and that small corrections should not be seen as detrimental to the sector's overall trend.

What was the significant change observed in FII (Foreign Institutional Investor) activity?

There was a significant change in FII activity where they were seen buying more than selling, which was a shift from their previous behavior.

What is the name of the stock that the speaker believes is experiencing a 'rebirth'?

The name of the stock that the speaker believes is experiencing a 'rebirth' is Campus Active Wear Limited.

What is the importance of the level 316 for Campus Active Wear Limited stock?

The level 316 is significant for Campus Active Wear Limited because it represents the stock's major resistance level and the breakout from this level indicates a potential 'rebirth' or significant change in the stock's performance.

What is the target price set by the speaker for Campus Active Wear Limited stock?

The target price set by the speaker for Campus Active Wear Limited stock is 640, which is its all-time high.

What is the stop-loss level suggested by the speaker for the Campus Active Wear Limited trade?

The stop-loss level suggested by the speaker for the Campus Active Wear Limited trade is around 270, which translates to approximately 151 in terms of the stock's price.

What upcoming event is mentioned in the video that will teach the discussed stock analysis methods?

An upcoming webinar is mentioned, scheduled for October 20th and 21st, which will teach the methods of stock analysis and selection discussed in the video.