Tit - bits

Friends at the onset I want to remind you that I am having FEVER accompanied by other ailments and hence my today's market briefings  would be short. I thought to come to the blog even at this stage, because I feel the short term targets of Nifty had been achieved yesterday. And you need to be cautious on the Buy side of the trade. I'm lying on my bed, just thought to do something productive at this hour, I mean at the dead of night. 

Yesterday, S&P BSE Sensex rose 398.85 points or 1.08% to close at 37,418.99. The Nifty 50 index gained 120.50 points or 1.11% to end the day at 11,022.20. Both these indices soared by about 3.9% in four sessions.

However, the broader market trailed the benchmark indices. The BSE Mid-Cap index rose 0.91%, while the BSE Small-Cap index gained 1.04%.

#After so much upmove, the markets are due for corrections, however stock specific action will continue. Before you proceeding further please ensure that you have booked all your profits in Nifty and Bank Nifty Call Options.

Buy 30 July, 10500 Nifty PUT Options at Rs.34/35, for targets of Rs.54/55. SL: Rs.26.

#The stock of J Kumar infra Projects Ltd (Rs.91.70) is still having, "Chinese" hangover, hence exit at market rise, if you have not booked any profit earlier.

#My strongly recommended Texmaco Pipes and Products Ltd has hit another buyer freeze today at Rs. 13.90. Accumulate on market declines.

#Buy the shares of TRF Ltd at the CMP of Rs.84.55, for short term targets of Rs.106/107.  SL: Rs.76.

TRF Ltd, established in 1962, is part of the Tata Group of Companies. This is a speculative counter and hence you should have strict  SL. 

#Buy the shares of Aurionpro Solutions Ltd near the CMP of Rs.51, for short term targets of Rs.61/66. SL: Rs.46.

During the Lockdown the IT sector was least affected, due to the provision of Work from Home.