Tuesday, November 28, 2017

Market Pulse
Domestic stocks edged lower in early trade on negative Asian stocks. At present, the barometer index, the S&P BSE Sensex, is trading at 33,698.51, down 25.93 points (-0.08%) while the NSE is at 10,393.70, down 5.85 points (-0.06%).

Overseas, most Asian stocks were trading lower amid uncertainty over the US tax bill. US equities ended yesterday, 27 November 2017 little changed, as declining oil prices pulled down energy stocks.

US President Donald Trump is scheduled to address Senate Republicans today, 28 November 2017 ahead of a potential vote on a tax overhaul. Federal Reserve Chair Janet Yellen testifies before the congressional Joint Economic Committee in Washington, and the confirmation hearing is due for her nominated successor, Jerome Powell.

Jai Balaji Industries Ltd today hit another buyer freeze at Rs.15.05. I have been asking all to enter the scrip as its valuation looked pretty cheap compared to its peers. 

(i) SELL CRUDE in the range of Rs.3725-3730,  SL above Rs.3755, T: Rs.3690.
(ii) BUY COPPER  at around Rs.439.20, SL below Rs.437, T: Rs.442. Book PARTIAL PROFIT in COPPER - Keep trailing SL below cost price.

Videocon Industries Ltd hit another buyer freeze today -- any buoyancy in the crude oil price will bolster the stock of the company. 

Suzlon Energy Ltd after yesterday's hurricane move is today consolidating around the CMP of Rs.15. Suzlon Energy earlier informed the Udupi district administration that it will start dialogue with workers at its rotor blade manufacturing unit at the Padubidri Special Economic Zone (SEZ) in the district on November 30, 2017. The market cap of Suzlon Energy Ltd is only Rs.7,953.06 Cr as against the FY17 turnover of Rs.12,803.19 Cr.

Sell Reliance Industries Ltd's 960CE at around Rs.3.50-3.60, keep STOPLOSS at Rs.960 (spot price); Hold till EXPIRY.

BUY (T+3) GAIL at around Rs.461,  SL below Rs.450, T: Rs.481.

Gitanali Gems Ltd recommended around Rs.38.75 on 15 October, 2015 on this Free Blog, today touched Rs.104.40, giving more than 100% return in less than 3 - years. You can book some profits and hold the rest with a SL of Rs.91.

~~ with inputs from Capital Market - Live News..

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