Friday, March 16, 2018

Winning Strokes
Yesterday, among secondary indices, the S&P BSE Mid-Cap index rose 0.49%. The S&P BSE Small-Cap index advanced 0.8%. Both these indices outperformed the Sensex. The breadth, indicating the overall health of the market, was strong.

On the BSE, 1,640 shares advanced and 1,045 shares declined. A total of 162 shares were unchanged. The total turnover on BSE amounted to Rs.5279.72 crore, higher than the turnover of Rs.3388.04 crore registered during the previous trading session.

Meanwhile, the Indian economy is set to revert to its trend growth rate of 7.5% in the coming years as it bottoms out from the impact of the Goods and Services Tax (GST) and demonetization, a World Bank report released on 14 March 2018 showed. India's GDP growth is projected to reach 6.7% in 2017-18 and accelerate to 7.3% and 7.5% in 2018-19 and 2019-20 respectively.

While services will continue to remain the main driver of economic growth; industrial activity is poised to grow, with manufacturing expected to accelerate following the implementation of the GST, and agriculture will likely grow at its long-term average growth rate, the report said.

In economic data, the producer-price index showed wholesale inflation rose 0.2% in February, down from the 0.4% advance in January. US retail sales fell 0.1% in February, the third straight monthly decline. However, sales grew 0.3% if autos and gas are stripped out.

#The stock of MCX Ltd recommended a couple of weeks back in this blog at around Rs.780, today
made an intraday high of Rs.834.50 before closing at around Rs.825.10. What are the next targets for the scrip?

#As expected the shares of Videocon Industries Ltd hit the buyer freeze at around Rs.16.15. Stay invested for some big gains going forward. 

#The stock of TV Vision Ltd is consolidating around the current price of Rs.17-17.5, though today it made an intraday high of Rs.17.75. You should accumulate on every decline. The company is running 5-TV channels and the share price is available at the price of dirt. 

#Those who are holding the shares of Sri Adhikari Brothers Network Ltd, should continue to hold as the stock is likely to hit some more buyer freezes going forward. Today it hit the upper circuit at Rs.20.20 in the NSE.

#Those who have entered the shares of RattanIndia Power Ltd (erstwhile Indiabulls Power Ltd), should accumulate on declines. Today the scrip touched Rs.5.95, intraday and  closed at Rs.5.85.

#According to Nigel D'Souza, Rakesh Jhunjhunwala's RARE ENTERPRISES bought 3 Cr shares of J. P. Associates Ltd yesterday at Rs.18.37. The Stock closed at Rs.19.20 yesterday up 17.43%. The scrip could touch Rs.22 in the short term.

#Both the small cap scrips which were recommended to the Premium WhatsApp Group members, hit their respective buyer freezes yesterday. Today, also it is expected to hit the buyer freeze. Join the Premium Service or trade through my associated brokerage house to get the names of such multi-bagger scrips. "Kuch Pane Ke Liye, Kuch Khona Bhi Padta Hai" (To get something, sometimes you have to lose something).

~~with inputs from Capital Market - Live News.....
Post a Comment