Tit - bits

Yesterday, the Indian stock markets closed with good

gains. The BSE Sensex closed at 35,414.45 up 498.65 points (+1.43%) while the Nifty ended the  day at 10,430.05 up 127.95 points (+1.24%). 

In my last post I mentioned the Nifty to trade around 10200/10500 ranges. Today, the Indian bourses could try to get out of the  current ranges. 

Meanwhile, Reliance Jio has sought Government permission for lab tests of its 5G products. Piggybacking on Huawei, China continues to dominate the global 5G market, accounting for 46% of the sale of all such devices in 2019. Huawei’s edge comes from its competitive prices, though it's mired in controversies. It's estimated that 5G deployment in Europe might cost $62bn more if Huawei is excluded. The RIL (Rs.1737.60) share is buzzing due all such positive developments in the company. In the short term the scrip can move up-to Rs.1750.

#The stock of National Fertilisers Ltd (Rs.31.50) touched my 2nd target of Rs.32, when it made an intraday high of Rs.32.85. You can bIfook complete profit and look for dips to re-enter. 

#Buy the shares of MBL Infrastructure Ltd (Rs.6.15) between Rs.5.50/5.70. 

#You can start accumulating the shares of Spandana Sphoorty Financial Lt at the CMP of around Rs.547.35, for short term targets of Rs.600/660.
When the whole of the Banking sector is buzzing on the hope of improvement of Indian economy, the NBFC sector can't be far behind. It offers Joint Liability Group (JLG) loans, Loans against property and personal Loans, among others. SL: Rs.496.

#Vodafone Idea Ltd (Rs.10.15, F.V.-- Rs.2), posted a loss of Rs.11,643.5 crore for the fiscal fourth quarter -- its seventh successive three-month period in the red, due to  loss of subscribers, high finance costs and a one-time charge related mainly to its statutory dues. 

However, the speculative activities in the counter might continue.

#You can continue to accumulate the shares of ONGC near the CMP of Rs.80.40, for short term targets of Rs.92/96.

According to DGH, India's latest oil and gas block bid round attracted only 12 bids for the 11 areas on offer, with 10 of them getting single bids from the ONGC and Oil India Ltd.

#The shares of Prime Property Development Ltd (Rs.10.10) can be accumulated near the CMP for short term targets of Rs.15/17.
The Company's projects include Prime Pune Mall, Prime Square, Prime Tech Park, Prime Beach, Prime centre, Prime Plaza and Prime Avenue. Sea-King club Pvt. Ltd is it's subsidiary. At present, no loans are outstanding from any bank in the name of Sea King Club Private Limited.