Tit - bits

The Indian bourses ended with strong gains today. Significant buying was witnessed during the final hour of n the final hour of trade which pushed the indices near their day's high. Positive global cues supported buying in domestic shares.

The S&P BSE Sensex surged 548.46 points or 1.50% to close at 37,020.14. The Nifty 50 index jumped 161.75 points or 1.51% ending at 10,901.70. Both these indices saw a jump of over 2.7% in three trading sessions.

The Nifty today managed to close above its 200-day simple moving average, placed at 10,868.81.

In the broader market, the BSE Mid-Cap index rose 1.55% while the S&P BSE Small-Cap index mover up by 1.11%.

Buyers outnumbered sellers. On the BSE, 1,645 shares rose while 998 shares fell. A total of 156 shares remained unchanged. 

#My strongly recommended Texmaco Pipes and Products Ltd (Rs.13.28) hit the upper circuits today. Keep accumulating in declines as I'm bullish on the pipe sector. 

#My recommended Virinchi Ltd today moved to Rs.29.75, intraday before closing at Rs.28.65 in the BSE. The IT sector is expected to show lot of resilience to the  Covid - 19 pandemic as there is an option to work from home. I'm expecting the share to touch Rs.39/41 in the short term. 

#The shares of Spandana Spoorty Financial Ltd today bounced from Rs.591, to hit the UC at Rs.635. You should accumulate the scrip, for the targets mentioned in my earlier posts.

#My experiment with Options Trading, till now has turned out to be 100% accurate: Both my recent calls broght fruits for you, as can be seen below:

• The Nifty 30 July Option Buy Call at Rs.91, with 10900 strike price today made a high of Rs.190, before closing at Rs.170.80. The short term targets of Rs.120/125, has long been achieved. 
• The Bank Nifty 30 July expiry 23000 strike price given at Rs. 159/160, today made an intraday high of Rs.255.95, before closing at Rs.229.55, hitting both my targets.

#The stock of National Fertilisers Ltd today made an intraday high of Rs.34.85, before closing a tad below at Rs.34.75. If you remember I had strongly recommended the counter on several occasions and asked you to accumulate when it fell below Rs.19. All short term targets for the share has been achieved. 

#The stock of Porinju Veliath recommended GVK Power and infrastructure Ltd hit another seller freeze today at Rs.2.20. Now, the business Channels who were canvassing high targets given by Porinju, even at Rs.18/19 should now face the battered shareholders and advice them what will be their course of action. I'm telling you, now the smiling anchors of business channels who were in sync with Porinju, when he was giving high targets will not be seen anywhere. This is the same Porinju, who was supporting PM,  Narendra Modi's Tughlaq - ian stupidity called demonetisation. Now what happened to the crown, "Small Cap Czar", awarded by a NaMo sympathetic pink daily to Porinju Veliath?

Someone suddenly comes from somewhere and takes the small and mid cap space by storm through YouTube videos and TV channel appearances -- manipulation can only bring temporarily halo. Another one of almost same category is S P Tulsian.
Anyway, this is only one of the scrips which I am discussing, from the badly bruised basket of Porinju Veliath; which bombed miserably in the domestic bourses. 

I have given more than 2 decades of my life in share market, still I feel there is a lot to learn. This is the difference between my friend, Ashish Chugh and the manipulator Porinju Veliath.