WINNING STROKES: THINK DIFFERENT:
So how will the markets behave today, with the US markets down!! It is good to short the market with a SL at 5450 or go long on Nifty with a target of 5500. What are charts indicating....all these and more to the Paid Groups only.
There were some selling pressure in the IT and Technology stocks, as the government on Wednesday modified rules for telecoms operators and equipment vendors to address security-related concerns.
There were some selling pressure in the IT and Technology stocks, as the government on Wednesday modified rules for telecoms operators and equipment vendors to address security-related concerns.
The July series ended above 5400 mark, up by about 1.5%, huge rollovers were witnessed from Godrej Industries (86%), Tata Tele (73%), Apollo Tyres (72%) Suzlon (80%)and Core projects (85%) while ONGC, HCL Tech and Siemens reported low rollovers. The volume remained good, crossing 1.65 lakh crore for the day. For the July series telecom, banking, realty and IT witnessed gains while the healthcare and oil & gas sectors declined, the August series too is being expected to remain in somewhat similar fashion. Finally the July series despite the jittery of earnings season managed to end above 5400 mark.
My recommended ANG Industries Ltd has crossed Rs.72. It was recommended around Rs.49 and Rs.53.5 on 6th June, 2010 in the Sunday Report to the Paid Groups. The short term targets have long been achieved. The scrip of XL Telecom and Energy Ltd (Xl Energy Ltd) is making a base for the next round of upmove. I hope most of you have bought the scrip for 9-12 months perspective. It will be another multi-bagger like Ennore Coke Ltd or Sanguine Media Ltd or Sunil High Tech Ltd, Relaxo Footwear Ltd, etc.
Please do look at the results of XL Energy Ltd and see how the company gradually improved in the last few quarters. Moreover, on 28th July, 2010, XL TELECOM ENERGY LIMITED (XL Energy Ltd), a NSE and BSE listed entity with total focus in ENERGY segment, informed that it received ORDERS VALUED OVER Rs.657 Millions for supply of Export of $olar Photovoltaic Panels to Europe.
XL has been focusing in the NON CONVENTIONAL ENERGY sector since 1994 and hás recently decided be a niche player in Energy Segment. It has dropped the Telecom from its focus and name of the company has been changed to XL Energy Ltd in the recent EGM.
XL ENERGY LTD with its core competency in Solar Photovoltaic Module and Systems manufacturing, which meets global standards, got approvals from quality certifying agencies in Europe, US, Canada and Australia.
XL ENERGY LTD has made significant marketing investments in the past 36 months to get orders from Europe, Canada and emerging US Market for its products. XL ENERGY LTD is focusing emerging Grid Connected Solar Solutions, which is growing at a fast pace recently as against the conventional Stand alone Solar Power Systems.
XL ENERGY is a leading “Solar End-to-End solution” provider with its solutions extending from Solar Cell Manufacturing to SPV Modules to Turnkey Solutions and EPC Contracts for Grid Connected Solar Farms in association with Spanish Partner.
XL ENERGY is a leading “Solar End-to-End solution” provider with its solutions extending from Solar Cell Manufacturing to SPV Modules to Turnkey Solutions and EPC Contracts for Grid Connected Solar Farms in association with Spanish Partner.
The Company has been successful in securing two export orders totally worth Rs.657 Million for the supply of Solar Panels to the European Market. One of the customers is a large EPC company in Italy and the second order is from a company in Czech Republic and both these are existing customers and repeat orders. The Company is excited about the positive turn around of Global Economy and gradual easing of credit market; resulting further investments, being made in Solar Power, Projects in Europe. Solar Market is looking positive with these credit easing and the company is bullish on the market opportunities at this point of time. The company is expected to get further orders around Rs.100 Cr of the total Rs.500 Cr of government tenders to be announced from next month (August, 2010). Moreover, its mega-project is on the final stages of completion--one positive quarter could take the scrip to around Rs.72-74.
Due to the surprise drop in inflation numbers there could be specualtive buying in the Real Estate and Auto counters. Today Prajay Engineeris Syndicate is expected to declare the results. RBI has already said that it expects the inflation to fall from the current level of double digits to 6 per cent by this fiscal-end. The inflation for the week ended July 17, came to single digit at 9.67% for the week under review compared with 12.47% in the previous week. All the rate sensitive sectors surged afterwards and closed in green.
Due to the surprise drop in inflation numbers there could be specualtive buying in the Real Estate and Auto counters. Today Prajay Engineeris Syndicate is expected to declare the results. RBI has already said that it expects the inflation to fall from the current level of double digits to 6 per cent by this fiscal-end. The inflation for the week ended July 17, came to single digit at 9.67% for the week under review compared with 12.47% in the previous week. All the rate sensitive sectors surged afterwards and closed in green.
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