Thursday, December 07, 2017

Market Pulse
Key benchmark indices were trading higher in early trade. The barometer index, the S&P BSE Sensex, was trading at 32,737.12, up 139.94 (+0.43%) points, while NSE was seen at 10,088.95, up 44.85 (+0.45%) points.

Among secondary barometers, the BSE Mid-Cap index was up 0.45%. The BSE Small-Cap index was up 0.42%. Both these indices outperformed the Sensex.

The broad market depicted strength. There were almost three gainers against every loser on BSE. 1,010 shares rose and 345 shares fell. A total of 47 shares were unchanged.

Overseas, most Asian shares declined as US policy uncertainty kept sentiment in check. US stocks ended mixed on Wednesday, as weakness in the energy sector spurred some minor selling that offset a recovery in the technology sector. The Dow Jones Industrial Average fell 0.16%. The S&P 500 fell 0.01%. The Nasdaq Composite Index rose 0.21%.

Back home, IDBI Bank was up 1.28%. The bank said that its board of directors, has approved sale of 27.99 lakh equity shares of National Securities Depository (NSDL), constituting 7% of its total paid up equity capital, held by IDBI Bank. The announcement was made after market hours yesterday, 6 December 2017.

#My call on Jet Airways Ltd at around Rs.664-665, SL below Rs.650, T: Rs.685 on 5 December, '17 today touched Rs.699.90, intraday giving good profits to those who held the scrip. 

#Yesterday, profit booking was suggested to my BMA Wealth Creators Ltd's clients and also in Jai Balaji Industries Ltd at around Rs.19-20. The stock is now trading near Rs.18; but wait till the stock gives a fresh break out. It is looking tired on daily and weekly charts.

#Intraday call on Rajesh Exports Ltd was given at around Rs.770, SL: Rs.762, T:Rs.780-787. The stock is now trading at Rs.779 almost near the first target. You can either book part or full profits.

#In the currency call today, SELL EUR-INR  at around  Rs.76.37, SL: Rs.76.52, T: Rs.76.20. The INR is likely to show strength, following RBI's holding of Repo rates. Book PARTIAL PROFIT at around  Rs.76.32.

#Yesterday's Buy call on P C Jewellers Ltd (intraday high Rs.408.75) at around Rs.396, SL below Rs.385, T: Rs.415-422 on T+2 basis is doing fine today.

#Momentum Call: Buy Havells Ltd at around Rs.521, SL: Rs.510, T: Rs.537 on T+4 basis. Havells India key Products/Revenue Segments include Cables which contributed Rs.2,675.61 Crore to Sales Value (40.62% of Total Sales), Domestic Switchgears which contributed Rs.1467.68 Crore to Sales Value (22.28% of Total Sales), Electrical Consumer Durables which contributed Rs.1419.87 Crore to Sales Value (21.55% of Total Sales), Light Fittings & Fixture which contributed Rs.894.47 Crore to Sales Value (13.58% of Total Sales), Others which contributed Rs.128.33 Crore to Sales Value (1.94% of Total Sales) for the year ending 31-Mar-2017.

#Today's delivery based Premium Call: Buy Suzlon Energy Ltd at around Rs.13.75 for short term targets of Rs.17-19. SL: Rs.11.60, but there is no need to think about stop loss, unless some extreme things happen suddenly. In a bid to exceed Prime Minister Narendra Modi’s climate pledges, India announced that it will tender enough renewable energy projects over the next three years to surpass 200 gigawatts of green capacity build by 2022.
The  central government last month announced the auction of up to 21 GW of solar and wind power projects by March 2018. The government is looking at auctioning 17 GW of solar power capacities by March 2018 and 3-4 GW of wind power capacities. The government has already auctioned 2 GW wind capacities so far in first and second rounds this year. It has also decided to put for bidding 10 GW wind capacities each in 2018-19 and 2019-20 to meet the target of 60 GW by 2022.
“Due to aggressive auction prices there will be some initial impact on margins for a year but it will unlock a bigger market and I’m very much interested in this opportunity,” Suzlon chairman Tulsi Tanti said in an interview in New Delhi, adding that auctions could open up as much as 10 gigawatts of capacity. Suzlon’s optimism is a vote of confidence in India’s auction process—a first of its kind for wind anywhere in Asia—which saw prices plunge when the first tender was held in February. Several foreign wind turbine makers have increased their focus on India in the expectation that the market is set to expand further along with the broader use of auctions. Vestas Wind Systems A/S, the Danish turbine manufacturer that inaugurated a new blade factory in March, this week introduced a 2-megawatt turbine in India suited for medium to low wind sites. 
“It’s not just about us but about everyone—our suppliers, customers and banks—the entire chain has to focus on being competitive,” said Agustin Sanchez-Tembleque, Vestas’s head of sales in India, when asked if auctions will squeeze margins. German turbine maker Senvion SA, which set up shop in India last year, expects auctions to increase volumes, thus compensating for thinner margins. Suzlon plans to introduce its new S128 machine—a 2.6-megawatt turbine with rotor diameter of 128 metres (420 feet) and a tower height of 120 metres to 140 metres for low wind sites— in the 12 months beginning in April 2018, Tanti said.

#Videocon Industries Ltd hit another buyer freeze today at around Rs.19.45 in the NSE. This stock was repeatedly recommended in this group, as a buy in every decline.

I will be recommending a Delivery based Call in the next 10 minutes in this blog. Those who want to know the name in advance, should join my services immediately by sending a mail at or and transferring the required amount, online or submitting the documents for starting to trade with my associated brokerage house; along with account opening cheque. 
If you want to make good money from the share market, then always take the help of a couple of experts in this trade or from those who are in Stock Market arena for more than a couple of decades.

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