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Monday, December 08, 2014

FIIs/F[Is were Net Buyers Today
Today, many of the mid and small caps went in for huge correction in tandem with the key indices. This is basically due to the fact that FIIs were net sellers on last Friday. But the market overlooked the fact that on last Friday, DIIs were net buyers. 

Those who bought the shares today, would be having smiling their way to the bank tomorrow. Suzlon Energy Ltd (Rs.14.80) could hit the upper circuits tomorrow. The latest book value of the company is Rs.8.83 per share (which rose from around Rs.6). Suzlon Ltd was recommended today at Rs.14.10, for the short term target of Rs.15.70.

Nifty closed at 8,438.25 down 100.05 points at the end of day. However, there is no cause of panic as the market is on a secular uptrend. The traders and investors are suggested to buy good small and mid cap counters and keep holding. Don't run after TIP-PROVIDERS. If you think a scrip is good for investment after  your research, then kingly go for it or else ignore. 
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