SumanSpeaks: The Information Super Highway

WINNING STROKES: THINK DIFFERENT: Shree Asthavinayak Cine Vision Ltd made a  high of Rs.4.83 before cooling a bit. The company is coming up with a brand new film release within some months. Also, the festive season is started to kick off with the Ganesh Chathurthi, so good days are ahead for this kind of companies. Bank of India recommended today to the Paid Groups around Rs.300, touched Rs.318, T--Rs.350, SL--Rs.288.  Strong Q1 June 2011 GDP growth data helped Indian shares extend Monday's (29 August 2011) strong rally, with the key benchmark indices attaining their highest closing level in nearly two weeks. The 50-unit S&P CNX Nifty regained the psychological 5,000 level. The market breadth was strong. The barometer index BSE Sensex jumped 260.42 points or 1.59%, up about 230 points from the day's low and off close to 40 points from the day's high. Index heavyweight Reliance Industries (RIL) jumped, extending Monday's rally. Hero MotoCorp and Idea Cel...

WINNING STROKES: THINK DIFFERENT: I said on last Thursday on this blog that the market is poised for some massive rallies going forward; within a very short period of time. This is what  happened today, after the Indian markets gave a thumping ovation to the "Team Anna" for their resounding success.....The Sensex closed at 6416.33  up 567.50 points while the Nifty closed at 4919.60 up 171.80 points. Its a pure  show of strength by the bulls as they took charge in almost every inch of the bear territory. As was expected the BEARS got butchered.....!! Now while the equity markets in both the US and India have started to limp back to normalcy, the hunt for the next bubble is being considered in the commodity market. Gold, which has repeatedly hit record nominal peaks, is a plausible candidate. Like a dotcom stock, it seems to lack any valuation constraints. Its value is much higher than its intrinsic value and it is time that the investors in the commodity markets under...

Strong fundamentals will drive US out of recession: Ben Bernanke Federal Reserve Chairman Ben Bernanke delivered a keenly awaited speech to policymakers gathered in Jackson Hole on Friday. He made clear the policy focus was still on spurring a stronger recovery. Excerpts Good morning. As always, thanks are due to the Federal Reserve Bank of Kansas City for organising this conference. This year's topic, long-term economic growth, is indeed pertinent. In particular, the financial crisis and the subsequent slow recovery have caused some to question whether the United States, notwithstanding its longterm record of vigorous economic growth, might not now be facing a prolonged period of stagnation, regardless of its public policy choices. Might not the slow pace of economic expansion of the past few years, in the US and other advanced economies, morph into something far more long-lasting? I am fully aware of the challenges we face in restoring economic and financial conditions conduc...

 U.S. Stocks Close Higher on Bernanke Remarks U.S. stocks surged, breaking a four- week losing streak for the Standard & Poor’s 500 Index, as Federal Reserve Chairman Ben S. Bernanke indicated the economy isn’t deteriorating enough to warrant any immediate stimulus. Treasuries trimmed gains and the dollar swung to a loss. The S&P 500 added 1.5 percent to 1,176.80 at 4 p.m. in New York after losing as much as 2 percent. The Stoxx Europe 600 Index lost 0.7 percent, trimming its retreat from 2.7 percent. Yields on Treasury 10-year notes slipped four basis points to 2.19 percent after decreasing 11 points. The Dollar Index lost 0.7 percent after climbing 0.3 percent. Crude added 0.1 percent following a 2.8 percent retreat. Markets gyrated following the Bernanke speech, in which he said the central bank still has tools to stimulate the economy without signaling he will use them. He echoed comments from dissenting members of the Federal Open Market Committee who said data ...

SHORT TERM BLISS: Please click on the image to get an enlarged view Buy Sujana Towers Ltd above Rs.23, for a target of Rs.26. Please keep a SL of Rs.21. This is a chart based call. 

WINNING STROKES: THINK DIFFERENT: MVL Industries Ltd recommended yesterday, in this blog at around Rs.15.10 rose to Rs.16.70 before cooling down a bit. MVL Industries Limited operates in the Electrical equipment & supplies sector. MVL Industries Limited, formerly Media Video Limited, is an India-based company. The Company is engaged in the consumer electronics and entertainment products business. The Company is engaged in the manufacturing and marketing of a range of products like television games, rechargeable emergency lights, fans and flashlights. The Company's products are marketed under the brand called MEDIA. The market is poised for a massive upmove in the coming days (probably from tomorrow, 26th August, 2011), due to improvement in global economic scenario and also since the price of the commodities, especially the prices of gold and silver has started to come down---I think the Gold is on the bubble stage and could crash at any time. If the fair price of the gold acc...