Thursday, December 11, 2014
WINNING STROKES: THINK DIFFERENT
Today's call Max India Ltd at around Rs.400-401 today touched Rs.413.20, intra-day. The short term target for the scrip is Rs.440.
Pipavav Defence and Offshore Ltd (Rs.46.90) today confirmed the break out and closed above its 21D, 50D, 100 D and 200D, SMAs. The share price is also above its 21D, 50D, 100D, 150D and 200D, EMAs, showing further bullishness for the scrip. The scrip today moved with good volumes in both the exchanges. The next target for the scrip is Rs.52.
Today, 8300 support of Nifty was broken. In the morning the Premium members were asked to exit Nifty longs in any intra-day bounce. The CNX Nifty tanked by 62.75 points to close at 8,292.90. Today FIIs were net sellers of Rs.808.27 Cr of equities. Yesterday, I had mentioned that with this kind of direction-less policies, it would be difficult to attract more and more FII money. Our Prime Minister is a totally confused man and this is seen in his substandard speeches and in his policies.
Today Glodyne Tech Ltd hit another buyer freeze at Rs.3.64 in the BSE. But avoid putting fresh funds in its share and exit on rise. The husband-wife duo (Promoters) have sucked the company from top to bottom, and now there is only skeleton left.