Tit - Bits

The Key benchmarks ended with strong gains

yesterday taking cues from the strong global markets.  Two factors essentially contributed to this rally:

#European Union (EU) leaders agreed on a 750 billion euros package aimed at funding post-pandemic relief efforts in the region.

#Hopes for an early coronavirus vaccine also lifted the sentiments.

• The first set of results from early-stage clinical trials of the Oxford University COVID-19 vaccine candidate show the vaccine is safe and induces an immune reaction.
• A recent media report suggest that the Chinese Covid - 19 vaccine is also safe.  

The S&P BSE Sensex jumped 511.34 points or 1.37% to close at 37,930.33. The Nifty 50 rose 140.05 points or 1.27% to end the day at 11,162.25. Both these indices jumped about 5.25% in five sessions.

#Yesterday's 10500 put option of 30 July expiry  got cancelled as it opened at Rs.23.05, which is below the SL price of Rs.25, mentioned in my earlier post. Hence, this call is closed and extinguished. 

#My yesterday recommended Aurionpro Solutions, made a high of Rs.53.55 before closing at Rs.52.35. The stock is expected to give at least 30% from the current price levels. 

#The stock of Den Network Ltd was recommended several times in this blog, citing Mukhesh Ambani connection  at varies prices starting from around Rs.49/50. Many of my clients averaged or took fresh positions when it recently fell to around Rs.27/28. Yesterday, it hit the upper circuits at Rs.109.60. Congratulations to all who are still holding the scrip. 

#Since, some years, a new trend has started by those market men, who have lot of sparetime or have no real work at hand. 

• Make YouTube videos, just narrating from the financial tables, in a hope to manipulate the share price. Porinju Veliath and several of his ilks have virtually made a career out of this clandestine move. 
• After "Dadagiri", "Didigiri", "Fekugiri", now a new profession, which was earlier basically concentrated mostly in Mumbai and some parts of Gujarat  has emerged in every nook and corner in India. Can you spot it? I call it "Mentor - giri", I mean open some classes and then start teaching A, B, C, D of minting money from stock markets. It is to be remembered that teaching fundamental or technical/chartical analysis is different from teaching how to make money from the market. If anyone has mastered the latter, he would not have to open classes to earn money.arge Mutual Funds will kidnap them and offer lucrative pay package to join their team, isn't? The question which comes to mind is: how, these "Mentors", get time to handle 50/60 students,  after doing their daily chores? This makes me wonder. Rakesh Jhunjhuwala, on several occasions told: "The professional tricks of share market can't be taught, they have to be mastered through personal experience and study". However, still gullible investors run after these work - less marketmen in the hopes of becoming Warren Buffet one day. Good luck to these herds of sheep. My only request is to see, whether you could recover the money spent on those classes. The point at end which I want to hammer : Can you make money from markets, without proper insider information? 

P. N: I'm still not fully well. May be it will take a couple of days to return back to the normal form; hence this much today.