Market Mantra

Short Nifty corresponding to the Spot Rate of 10,791.55 for targets of 10697/10672. After all those drama in the election is over, the markets may look for some breathing space for the next level of upmove. However, stock specific activities will continue. Buying may now shift slowly to the small and mid cap counters.The rates of Nifty mentioned are all Spot levels. You need to do the necessary shorting and find targets in F&O space, corresponding to the spot levels.  China reported economic data that missed expectations. China on Friday reported industrial output and retail sales growth for the month of November. Industrial output in November grew 5.4% from a year ago. That figure was 5.9% in October. Retail sales rose 8.1%, down from 8.6% in October. Fixed asset investment rose 5.9% from January to November. It rose 5.7% from January to October. This is already having a negative impact on the Asian markets.

Buy TV Vision Ltd at around Rs.4.30 for short term targets of Rs.7 and Rs.9. Though TV Vision reported Flat Financial performance in Sep-18, however, it is better than Sept-17. The Net sales came at Rs.27.85 crore as against Rs.26.04 crore in Q2FY18. The interest cost also came down to Rs.86 lakhs in Q2FY19, as against 4.02 crore in Q2FY18.

The board of Sri Adhikari Brothers Television Network (SABTN) and TV Vision has approved the elevation of Markand Adhikari as the chairman and managing director (MD) of the two companies.

The elevation comes into effect from 7 September 2018 without any change in the terms and conditions of his appointment.Markand Adhikari, aged 61 years, began his career with an advertising firm in the 1980s. He is a promoter director of the company and began this venture in association with his brother Gautam Adhikari.
There are rumors that the company could sell one of its channels to pare some debt. Its channel Mastii has again taken number one spot on the charts. With a book value of Book Value of Rs.25.37 & FV: Rs.10, the share of TV Vision Ltd is trading at an abnormal price, and soon we might see a change in the aberration generated. I reiterate, from my experience of more than 2 decades in equity market I can say confidently that this cannot be the discovery price of the share off such a reputed company; only because of some loan issue!

#Omkar Speciality Chemicals Ltd hit another buyer freeze at Rs.21.55. The stock almost doubled from from the recommended price of around Rs.11-12. The next targets could be Rs.32/35/39, if a resistance is broken on the upside. To know where is the resistance place, subscribe to the Premium Services. 

#Buy the scrip of Kwality Ltd at around Rs.8.90 for short-term targets of Rs.12/14. Kwality Ltd will announce their financial results for the quarter ended September 2018 later in the day. 

#As a corollary to the rally in the Omkar Speciality Chemicals Ltd we can see a rally in the scrip of Lasa Supergenerics Ltd (Rs.21.85). We can look forward for short term targets of Rs.27-29. This is a sister company of the former.

#Buy the shares of Yes Bank Ltd near the supports of Rs.174/175, for short term targets of Rs.197/221. It is likely to nominate Mr.Brahm Dutt as a part-time Non-executive Chairman of the private sector lender. 

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