Wednesday, August 14, 2013

Sarang Wadhawan
The Nifty_Futures as expected moved up to 5,757.55 and closing near the days high of 5,759.00. The Nifty_Spot also moved up 5742, just below the near term resistance of 5745. Where is Nifty heading in the coming days? Do you want to make money from trading in Nifty_Futures, then join the Paid Services. Just one trade a day, with one Nifty lot can fetch Rs.500 (five hundred), which means on an investment of around Rs.30, 00--35, 000, you can earn Rs.5000--8000 per month. But then, I would not hide the fact that, there is risk involved and here the individual judgement also plays a role, even after getting the calls. However, you can solve this problem, by handling your portfolio to the professional traders, who will play on your behalf. Any today also, FIIs (Rs.247.96) and DIIs (Rs.248.28) were net buyers in the equities.
Today, HDIL came out with better than expected results, though the net profits took a hit, Q--Q basis. A buy call was initiated during the market hours at Rs.32.50. The management commentary was encouraging and sequentially speaking, the results were good. CLICK HERE. The following announcement apparently looks positive for the shareholders of the company: Housing Development and Infrastructure Ltd has informed BSE that the Company had issued 25675 12% Non-Convertible Debentures of Rs.10.00 Lakhs each aggregating to Rs.2567.70 Crores, out of which as on date Non-Convertible Debentures aggregating to Rs.1311.22 Crores has been redeemed including Non-Convertible Debentures of Rs.373.99 Crores redeemed during the period April 2013 to August 14, 2013. The company has reduced the standalone debt by Rs.203 Cr. The consolidated debt is down Rs.3830 Cr., reduced by Rs.188 Cr. The scrip closed at 33.40, just a tad below the days high of Rs.33.85. CLICK HERE.
Tulip Telecom Ltd hits another buyer freeze in the morning trade. The scrip closed at Rs.8.98.