Tit - bits

The Indian markets could open a gap down today following Narendra Modi's Brinkmanship with China, after his faulty diplomacy drew the Hindu majority country Nepal, towards China. India under his Tughlaq - ian leadership has already faced enough problems due to an unplanned Lockdown. Now,  this China episode will be fly in the ointment. China is basically a Buddhist - Taoist country. India is now at war with a Muslim Majority Pakistan, a Hindu majority Nepal and a Buddhist - Taoist majority

China.. Wow!! 

Thali Bajana Chahiye Ki Nahi, Dosto? (Friends should we bang "Thalis"?) Narendra Modi Jaise Mahan PM, Aaj Taak Aisa Kaam Nahi Kiya. 

The pictures on the left hand side are excerpts from Malevolent Republic:

A Short History of the New India by K. S. Komireddi, Oxford University Press, 27-May-2019 - Political Science - 271 pages. Price: Rs.1782.81..

Anyway, according to charts, the key support level for the Nifty is placed at 9,750 followed by 9,570 which the Nifty is likely to test. On the upside Nifty will find strong resistances at 10100/10230.

Recommendations:

#I'm keeping my sell recommendation on BHEL (Rs.28.35) intact with price targets of Rs.27/25, while chucking out TVS Motors Ltd (Rs.354.15), which is probably being manipulated by the voted groups right under the nose of SEBI and other regulators, unfortunately.

Mesnwhhe SL for BHEL remains the same at Rs.33. In the situations we are facing as of today, with many companies either going belley up or their machines remaining idle, the capital goods sector will face headwinds. I continue to remain bearish on Bharat Heavy Electricals Ltd.

#Buy Everest Kanti Cylinders Ltd at the CMP of Rs.16.25, for a short term target of Rs.26. According to several media reports, the High Pressure Cylinders Market is Poised For a Strong 2021 Outlook Post Covid-19 Scenario. Buy in market dips. It has factories in Boisar, in Mumbai metropolis, where work is going on.  There was a recent report which says: Everest Kanto Cylinder Limited India's largest manufacturer of high pressure gas cylinders, today announced that it has recently re-initiated supply of cylinders used for storing medical oxygen to its customer base in India. EKC already has all requisite approvals and is well-positioned to cater to the rise in demand from hospitals across the country as well as from other ancillary medical infrastructure being created for the treatment of Covid-19 related cases. The company's manufacturing facilities located at Tarapur (Maharashtra) and Kandla (Gujarat) currently have the the capacity to manufacture over 700,000 cylinders annually with fungible production capabilities, from portable to jumbo cylinders, based on specific applications and clients' requirements.