Friday, December 12, 2014

Today also Pipavav Defence and Offshore Ltd touched Rs.48, before closing at Rs.45.80. As of  now there are lot of positive developments in the sector in which it is into. The investors can add the scrip, in all declines. However, short term traders can keep a SL of Rs.44. 
Glodyne Technoserve Ltd hit another buyer freeze today at Rs.3.82. However, avoid taking fresh positions in the counter, till more clarity comes on its functioning.
Allied Digital Services Ltd today closed in the green at Rs.22.20, up 4.72%. I have already mentioned that this is a turnaround story and hence don't sell the scrip in a hurry. After Q3FY15 results, the stock will cross Rs.32 and then Rs.37-42.
Nifty today broke its support at 8260 and is  now precariously placed near 8200, the next support level. The Nifty closed in the red today at 8,224.10 with a net loss of 68.80 points. The FII/FPI were net sellers of Rs.864.96 Cr of Indian securities today, while the DIIs were net buyers to the tune of Rs.323.41 Cr. However, the Nifty Longs are still an avoid till the market finds a base. But, the stocks would perform on an individual capacity, depending  upon the news flow and operator activities. 
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