Winning Strokes:  Think Different

The market came off day's high in morning trade. At 12:13 IST, the barometer index, the S&P BSE Sensex, was up 168.90  points or 0.48%) and was trading at 35,455.64 while the NSE was seen at  10,754.00 up 43.55 points or 0.41%. Indices hit fresh intraday high in early trade and later pared gains as the session proceeded. Among secondary barometers, the BSE Mid-Cap index was down 0.11%. The BSE Small-Cap index was up 0.04%. The market breadth, indicating the overall health of the market, was positive. On BSE, 1000 shares rose and 893 shares fell. A total of 100 shares were unchanged.

A buy call was initiated in the stock of Rohit Ferro Tech Ltd at around Rs.2.40-2.50 on last Monday. The stock hit 2nd consecutive BUYER FREEZE today at Rs.2.75 in the BSE.  To know why it is hitting BUYER FREEZES either Join the Premium Services or Trade through BMA Wealth Creators Ltd, with a minimum portfolio size of Rs.2 lakhs. Moreover, the inputs of this blog should not be taken as an investment manual, however you will get some help following the techniques  mentioned here; though making money on consistent basis only following this blog would be a little difficult. Therefore, to get full support, there is no option but to take the help of experts.. 

The stock of Jaiprakash Associates Ltd which was given a buy around Rs.14-15, on18 June, 2018 today touched Rs.17.10 in the NSE. The 1st target has been achieved, we can now look forward for the next targets of Rs.20-21.  The Indian Finance Minister, this week said: "Experts say, the trend of India as the fastest growing global economy is likely to continue for next few years. With structural reforms like demonetisation, implementation of GST & enforcement of the IBC, Indian economy is moving steadily ahead & empowering every citizen". Hence a price of Rs.27-29 in the short term, is not impossible in case of J P Associates Ltd, which is gradually coming out of its blues. 

Vakrangee Ltd which today hit another buyer freeze at Rs.47.65 in the BSE is approaching my 2nd target of Rs.51. What to do with this scrip? Should we invest or it could be another case of Rolta Ltd (Rs.40)? To know Join the Premium Group.

The shares of TV Vision Ltd is consolidating around Rs.9 - 9.30. We can look forward for targets of Rs.17-19 in the coming days, as the BJP could advance the election, after the President of India Mr.Ram Nath Kovind approved the imposition of governor's rule in Jammu and Kashmir; a day after the BJP pulled out of its alliance with the Peoples Democratic Party (PDP) in Jammu and Kashmir. Following the President's approval, governor NN Vohra will be presiding over the state. Some of you must be thinking: 'What is the relation between  the scrip of TV Vision Ltd and advancement of the Indian elections, isn't?' To get the details you need to join the Premium Group. Anyway, investors should accumulate or average the share of this company in every decline, so that you can make good money over a period. This scrip is from the reputed Sri Adhikari Brothers Ltd group and hence has high pedigree. 

The scrip of 3i Infotech Ltd (Rs.4.20) is up 5% in the NSE. The stock is going nowhere during the last few months and Premium Members were long suggested to average out and exit the scrip around the resistance zones of Rs.6-6.30.

Overseas, Asian stocks were mixed, with several regional stocks looking to stem sharp losses made in the previous session that were caused by elevated fears of a trade war between the US and China. The US stocks declined on Tuesday, as investors sold them following President Donald Trump's late-Monday threat to slap an additional $400 billion in tariffs on China goods. The announcement represented the latest escalation in a dispute between the two largest economies in the world, rattling investors.

After Beijing's retaliation against US planned tariffs on $50 billion worth of Chinese imports, Trump asked US Trade Representative Robert Lighthizer late Monday to identify $200 billion more in Chinese products that could be subject to tariffs of 10%. The US president also threatened to find $200 billion more worth of goods if China tried to retaliate against those additional tariffs.

A spokesperson from China's Ministry of Commerce reportedly said China will have no choice but to take comprehensive measures in response to the US's trade moves

On the US data front, Housing starts ran at a seasonally adjusted annual 1.35 million annual rate in May, the Commerce Department said Tuesday. Permits were at a 1.3 million seasonally adjusted annual rate.

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