Market Pulse

The key benchmark indices drifted lower in early trade amid initial volatility. At 10.47 am, the Sensex was trading at 33,575.71 down 21.09 or 0.06%, while the Nifty was seen at 10,313.15 down12.00 or 0.12%.

The S&P BSE Mid-Cap index was up 0.1%. The S&P BSE Small-Cap index was up 0.18%. Both these indices outperformed the Sensex.

The market breadth, indicating the overall health of the market, was positive. On the BSE, 888 shares rose and 611 shares fell. A total of 49 shares were unchanged.

Overseas, Asian stocks were trading mixed while US stock futures dropped after US President Donald Trump ordered his administration to consider tariffs on an additional $100 billion worth of Chinese imports. Mainland China markets are shut for a holiday.

The latest move is a continuation of a growing trade dispute between the two countries. Trump previously announced $50 billion in proposed tariffs on goods imported from China, which responded by announcing about $50 billion in proposed tariffs on US goods

US stocks closed higher yesterday, 5 April 2018 with major indexes posting their first three-day rally in several weeks as investors dialed back fears that a trade spat between the US and China will turn into a full-blown trade war.

Meanwhile, the US trade deficit rose 1.6% in February and remained near a 10-year high. The US trade deficit rose to $57.6 billion in February from $56.7 billion in the prior month, data released yesterday, 5 April 2018 showed.

Today's Calls:

#The stock of Pincon Spirits Ltd was recommended at around Rs.20.70 on 28 March, 2018. The scrip hit the buyer freeze at Rs.27.25,in the NSE today. The board of Pincon Spirits Ltd also approved setting up of a polythylene terephthalate bottle (PET) manufacturing plant at Asansol with a tentative cost of Rs.20 crore. The Asansol plant will have a production capacity of 10 lakh bottles per day and will be used for the company’s captive use.

The Ongoing Marriage season  and Sizzling summer months ahead is likely to push up Beer sales in India. Remain invested in Liquor companies....

#Buy the shares of Ortel Communications Ltd at around Rs.21-22, for short term targets of Rs.31-35. As reported by TelevisionPost.com earlier, the board of directors of Ortel had approved the issue of equity shares to promoter/promoter group entities not exceeding Rs.8.75 crore. The company has proposed to issue 25 lakh equity shares at an issue price of Rs 35 per share to the promoters on preferential basis for an aggregate amount of Rs 8.75 crore. Moreover, the board had also approved the issue of 9% cumulative, non-convertible, redeemable preference shares for an amount not exceeding Rs.10 crore by way of private placement for a period of five years. It had also approved the acceptance of fresh inter-corporate loan of Rs 8 crore at 9% per annum for a period of five years.

#Buy the shares of TV Vision Ltd at around Rs.16.80, for the upper circuits at Rs.17.10. The short term targets for the scrip are Rs.27-29. The stock has been asked to be accumulated in every dip, even when it was trading at around Rs.14.5-15. One good quarter will take the stock to dizzy heights. 

#The shares of Sri Adhikari Brothers Television Network Ltd hit the buyer freeze at around Rs.18.10. The stock was asked to be accumulated in every dip, especially when it fell to around Rs.15. Those who have bought, might be laughing their way into banks. 

#Intraday sell SILVER at around Rs.38260, SL above Rs.38400,  Target:Rs.37800

#Buy REC Ltd at around Rs.131.75, SL: Rs.129.75, Target:Rs.135-137 on T+2 basis. This is a pure chart based call.

#The scrip of MBL Infrastructure Ltd moved to Rs.25.85, intraday. You can look for targets of Rs.29-31 in the coming days, where you should book some profits.

# Buy Reliance Industries Ltd FUTURE at around Rs.914-914.60, SL below Rs.910.50; Target:Rs. 922.

#Those who have invested in the share of Lanco Infrastructure Ltd (Rs.1.10) should continue to add on declines. This is one stock Pincon Spirits Ltd, TV Vision Ltd and Sri Adhikri Brothers Ltd, on which I am betting on, for some splendid returns going forward.

#The scrip of Jai Corp Ltd was recommended from around Rs.139 levels. The share today touched high of Rs.164.65. It was mentioned on 21st March, '18, that it has huge prospects, going forward.

#In stock market you should always have back funds, to leverage them, as and when you get opportunities or to cover up any loss incurred earlier. I have seen that is the best method to make money on consistent basis. By back-up fund I mean that you should have at least 30% of your total investable funds at hand, to be used in case of any emergency investment. After profit booking this fund should again be routed to the bank. In any case you should not invest more than 70% of your total fund in the share market. 

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