Winning Strokes: Think Different

Photo: Decospan

Stocks ended with small losses after a volatile session of trade. The barometer index, the S&P BSE Sensex, fell 22.21 points or 0.06% to settle at 36,351.23. The Nifty 50 index fell 23.35 points or 0.21% to settle at 10,957.10. Gains triggered by index heavyweights Reliance Industries and ITC were almost offset by slide in Kotak Mahindra Bank, L&T and HDFC. Investors were cautious ahead of a no-confidence motion against the government. On Friday, 20 July 2018, the parliament will debate a no-confidence motion tabled by opposition parties against the Prime Minister Narendra Modi's government on Wednesday, 18 July 2018, the first day of the monsoon session. The monsoon session of Parliament began on Wednesday, 18 July 2018, and it will conclude on 10 August 2018.

Among secondary barometers, the BSE Mid-Cap index fell 0.63%. The BSE Small-Cap index fell 1%. Both these indices underperformed the Sensex. The market breadth, indicating the overall health of the market, was weak. On BSE, 827 shares rose and 1754 shares fell. A total of 146 shares were unchanged.

Today the stock of P C Jewellers Ltd (Rs.70.85) touched Rs.68.80 intraday. It seems the stock will close near Rs.60, in the next few trading sessions if Rs.67 is not held on the downside. The recent management decision to pull out of buy back of shares, has caused a panic reaction among the shareholders, which will take some time to erase. 

The stock of Sintex Industries Ltd today closed down at Rs.14.05 in the NSE. However, the company is doing fine and the investors should do well to buy the scrip in every decline. 

Till the confusion regarding no - confidence motion tabled in the parliament is over, it will be better if both the investors and traders stay away from the market. It will not be prudent to play in the F&O segment as the trend for the short term remains unclear.

I am thinking to start a life time subscription package for Premium Information Service at nominal cost of Rs.2000 per year or Rs.60,000 in total -- the amount has to be paid in one go. Also, if you have a kitty of Rs.5-10 or more then we can invest in a couple of well researched scrips/shares and keep holding for a couple of years (No trading in between). I am sure the money will get more than doubled during the time -- the profit sharing would be 60:40 between you and myself. The interested candidates can mail me at:suman2005s@rediffmail.com.

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