Monday, December 08, 2014

Today's recommendation, Suzlon Energy Ltd moved to Rs.15.45, in the NSE before closing at Rs.14.80. The stock has moved up after a long consolidation phase. There was good delivery based buying in the BSE and even better in the NSE. The scrip today moved up with huge volume. By the way, one request to the NSE officials, please make your website, user friendly like that of BSE. Also, it would be better if  you do not put so many images on the front page. 
Resurgere Mines and Minerals Ltd today hit 20% upper circuits at Rs.177 before closing at Rs.1.66 up 12.16%. The circuit limit of the scrip has been revised to 20% from 5%, few months back. 
Pipavav Defence Ltd today hit the UC in the BSE at Rs.46, before closing at Rs.45. The scrip if you remember was recommended at Rs.35--35.50, last week. It might go for some consolidation phase before showing, next round of upmove. 
The Indian markets went in for huge correction today, after FIIs turned net sellers on last Friday; but overlooked the fact that DIIs were net buyers on that day. We cannot expect the FIIs to be net buyers everyday. Isn't it? Today, the  Nifty closed below the psychological barrier of 8500-8460 levels. However, did you see the FII buy figures? Yes just have a look at it in my  next post. Those who sold the shares today out of panic will definitely lament tomorrow. 
Post a Comment