Tuesday, October 22, 2013

WINNING STROKES: THINK DIFFERENT
Chart of SEL Manufacturing Company Ltd
Tulip Telcom Ltd as expected the hit the buyer freeze in the opening trade. The company has a good order book and the release of funds by the banks, within the next few days will solve the temporary financial crunch. The telecom sector has started to look well once again and these blue chips form the mid caps are expected to steal limelight in the coming days. 
SEL Manufacturing Company Ltd closed at R.3.80 in the NSE, making the stock look more attractive on the charts. The company during the last few years, has developed mind boggling assets and it is really astonishing how the scrip is trading at such a discount to its book value of Rs.42.67, when its peer group company Arvind Ltd, is trading at ~1.2 times its book value of Rs.89.11. Can you believe that it is trading below its EPS of Rs.4 This time the scrip would not only make new 52-week highs but will also move past Rs.10, in the next few trading sessions. If you want to triple you money in the next 6 months time frame, then kindly invest Rs.1-2 lakhs in this scrip and wait. If only 5000 people from the whole equity investing community of around 2 crore, then then where the scrip could reach on the top-side is difficult to predict.
Geodesic Ltd (Rs.7.74) and Glodyne Tech Ltd (Rs.13.86) hit their respective buyer freezes in the opening trade. Both the scrip have fallen to some absurd levels, even though the fundamentals of the company improved. Also, my recommended 3iInfotech Ltd (Rs.6.03) hit its 2nd consecutive buyer freeze. 
Manappuram Finance Ltd today, rose to Rs.15.33 before closing flat at Rs.14.86. If you look at the daily chart it seems it has today formed a bottom. Besides this its 50 DSMA is above its 100 DSMA, which alone gives more confidence to the bulls.  Moreover, according to a brokerage estimate, its Q2FY14 results will be better than Q1FY14, though on Q-o-Q basis there could be some de-growths. 
Chart of Manappuram Finance Ltd
My Recommended Yes Bank Ltd at Rs.309-310, today touched Rs.374.85, before closing at Rs.372.10. In the same way my recommended NMDC Ltd today touched the 2nd target of Rs.132(Intra-day it touched Rs.135.70).  Therefore, one has to be patient and tough (Stock market is not a place for weak hearted fellows) while tacking quick decisions, if he /she wants to make money and in this way, any loss can be made up over a period of time. And always invest/trade taking cues from EXPERTS--they may be wrong in one or two times(as they are also human beings and are prone to errors) but in the long run if you stay put with them, you will definitely make money. The mistake which many people make is to start taking medicines on their own, without the consultation of doctors.