Wednesday, July 09, 2014

In the morning note to the Premium Service members we asked to SHORT Nifty_Futures with a SL at around 7810, the Nifty_Futures made an intra-day low of 7,567.75, after opening at 7,650, giving good returns to Nifty traders. Where will the market go from here? How to play the Indian Stock Markets, post budget? To know all these join the Premium Service or Trade through my recommended brokerage  house, to maximize your returns. This market is not for the new-comers and novices, therefore, allow the experts to trade on your behalf. 
A buy call call was initiated today on MCX Ltd at Rs.678, for an intra-day target of Rs.686-696, SL--Rs.674. The stock touched Rs.720.40, intra-day. Financial Technologies (I) Ltd (FT), sold 1.02 mln shares of the company at Rs.664 per share in a bulk deal while Rakesh Jhunjhunwala bought 1 mln shares of the company in a bulk deal. This stock was recommended a much lesser price, earlier also.
The investors were asked to buy (or average) the shares of Western India Shipyard Ltd at Rs.2.50-2.55, for a target of Rs.3.5 in the short term. The government has asked for more coals to be imported from outside, due to failure of Coal India Ltd, the world's largest coal miners to meet the consumption demands, of Indian power companies. Hence, the shipping sector would be one of the biggest beneficiaries of this move. And ship building or repair industry being a part of that, would also have a rub-off effect Moreover, the government is likely to continue with the tax breaks for the ship building and repair sectors, in this budget.
Those who bought the shares of Allied Digital Services Ltd (Rs.20.85) at higher price, should complete the average, as the scrip could rise post Infosy Ltd's, June, 2014 quarter results, which is due this week. 
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