Tit - bits

#Today as expected Nifty is showing positive

momentum and it has already conquered 12000. 

The BSE Sensex is seen at 41,120.81 up 331.43 points (+0.81%) while Nifty50 is trading at 12,076.45 up 96.80 points (+0.81%).

However,  the Nifty is likely to consolidate around the current ranges while the action is expected to shift towards Small and mid cap space. 

#Buy the shares of National Fertilisers Ltd at around Rs.26, for short term targets of Rs.37/41. The dividend distribution tax story and Nirmala Sitaraman's Agri/Rural push will give it the necessary upward push. There is no need of keeping any SL,  as it is an investment grade scrip.
The union budget stated government's intent to rationalise fertilizer subsidy by encouraging balanced use of fertilizers including traditional organic ones as against incentivised use of chemical fertilizers. Budgeted subsidy for 2020-21 is Rs 71,345 crore.
The farm and rural sectors were allocated Rs.2.83 trillion while the agriculture credit target for next year is set at Rs.15 trillion.

#Today my recommended Yes Bank Ltd made an intraday high of Rs. 39.70 and is now trading at Rs.37.50. You should book some profits and hold the rest with a SL at Rs.37.
Fundamentals of the company at the current ranges is fine - - only problem seems to be that Morgan Stanley has given sell with a price target of Rs.25. Hence,  we need to be cautious.