Tit - bits

#After a strong rally during the last few days, the

Nifty is showing some signs of fatigue. While the Nifty is expected to trade sideways for sometime, till the pre budget rally starts; the focus will now be shifted to good mid and small cap counters.

The BSE Sensex is now trading at 41,418.03 down 175.68 points (-0.50%), while the Nifty is seen at 12,215.45 down 55.55 points (-0.54%). I don't see too deep correction in the market and the Nifty migh at best go for 50/100 correction; before pre budget rally starts.

#The scrip of SAIL (Rs.47.10), recommended at around Rs.37, has met all its short term targets.  You can book profits and hold the rest with a SL of Rs.46.

#Today the scrip of Reliance Infrastructure Ltd (Rs.32.10) came out of the upper circuits. There were recent media reports stating that Maharashtra CM,  Uddhav Thackeray has ordered a prove into some of the Mumbai based construction companies. I had exited my position long back. I would suggest you to do the same,  before it starts hitting LC again.

#The scrip of Reliance Capital Ltd (Rs. 15.50) has also come out of the UC. My suggestions to the punters would be to book profits and exit the counter. It may again test the lows before slipping into fresh upmove.

#The stock of 63 Moons Technologies Ltd (Rs.116.65) has almost competed its short term target of Rs.117. You can either book complete profits or book 70% of profits and  hold the rest with a SL of Rs.107.

#Buy the shares of National Fertiliser Ltd (Rs.27.10) at the CMP for short term targets of Rs. 37/41. 
Triggers:

• The company has a subsidy outstanding of around Rs.5000 crore as of 31st March, 2019. Interestingly, subsidy inflow has started from April,  2019, which will reduce the borrowings. 
• The company achieved a record sales of  27 Lakh tonnes during the 1st half of the current fiscal. 
• The NDA government's Kissan Samman Nidhi scheme, would be indirectly positive for National Fertiliser Ltd.
• It has diversified into seeds and ageo chemical business. Interestingly, it was manufacturing and selling urea till 2014/15, but it is now into DAP,  NPK and MoP products. 
• It is investing Rs.1000 crore in energy saving schemes,  that are being implemented in all the company's five plants. 
• Ramagundam Fertilisers & Chemical Ltd (RFCL) has decided brand fertilizers as "Kisan Urea and Ammonia", which would be marketed by National Fertilizers Ltd;  one of the partners or RFCL. The RFCL is expected to produce 12.70 lakh metric tonnes of fertilizers annually. The government is committed to provide 40 MWs of power, 0.5 tmc ft of water from Sripada Yellampalli project (SYP) and four-lane road from Rajiv Rahadhari to the RFCL plant site for the transportation of fertilizers.
• The dividend yield of the shares of the company is Rs.6.90%, while the book value of the shares of the company is Rs. 45.23.