Market Pulse

Weakness continued on the  Indian bourses in early afternoon trade, as both the benchmark indices fell.  On the macro front, data released by the government after market hours yesterday, 14 November 2017 showed that India's trade deficit widened to $14.01 billion in October 2017 as against the deficit of $11.13 billion during October 2016. Exports fell 1.1% in October while imports grew by 7.6%.

Meanwhile, as expected Shilpi Cable Technologies Ltd hit the buyer freeze today at Rs.14.05. Hope you have taken position in the scrip either yesterday or today morning!!

Today's Calls:

1. Buy Nifty Futures around 10175, keeping a SL below 10135; T: 10220.
2. Intraday sell PFC around Rs.122.50, SL: Rs.124.5, T: Rs.119.50.
3. Buy BANK NIFTY FUTURES on declines around 25340, SL below 25270, T: 25450.
    EXIT around 25360.

Videocon Industries Ltd hit another buyer freeze today at Rs.14.80. The stock was trading around Rs.230-240 during the end of 2012. The fall in the price of the stock started from the beginning of 2013.  You can look for short term targets of Rs.18-21.  

RCom Ltd today made a low of Rs.10.70 and is now trading around Rs.11. An exit was prescribed at around Rs.17-21 and the stock could be heading towards Rs.9.

HDIL today made a low of Rs.56.10 and a high of Rs.59.75. Hope you booked complete profit and exited the counter.

J P Associates Ltd made a high of Rs.20.65 today, which is near Rs.21. So, applying my formula you should book complete profits and wait for the dips to enter again..