SumanSpeaks: The Information Super Highway

Tit - bits The BSE Sensex is now trading at 39,660.62 up 193.31 points (+0.49%) while the Nifty is seen at 11,705.05 up 57.45 points (+0.49%). The Nifty is likely to test 11900, in the coming days.  #My recent recommendations are doing fine. Today, even the shares of Dhanlaxmi Roto Spinners Ltd is up more than 7% at Rs.19.80. This is a good company with unique products, but you need to have patience and keep holding with a strict SL at Rs.16 60. However, short term traders can exit in intraday rises.  #The last week recommended counter Future Supply Chain Solutions Ltd (Rs.158.90) at around Rs.148/149 has hit the upper circuits today, with around 4 million pending buy orders. This Future group company has comparatively less debt as compared to its peers, from the same pedigree. You should hold, with targets mentioned earlier. Now, kindly advance the SL to Rs.156, from Rs.151. #I am today disclosing the name of the company where we invested around Rs.5, few mo...

Tit - bits Yesterday, the BSE Sensex closed at 39,073.92 up 230.04 points (+0.59%), while the Nifty50 ended the day at 11,549.60 up 77.35 points (+0.67%). Today, the Indian bourses are expected to remain volatile, before F&O expiry. The Nifty, will find difficulty to cross 11700. However, the action is likely to shift to small and mid cap counters.  #Buy the shares of  Dhanlaxmi Roto Sp Ltd (BSE Code: 521216)  near the CMP of Rs.19.607, for short term targets of Rs.27/31. The book value of the shares of the company is Rs.48.01 and has EPS of Rs.4.97. We can expect the share price to double in the next one year.  #The shares of Future Supply Chain Solutions Ltd (Rs.149.05) is consolidating around the current ranges for the next round of upmove. This is one of the low debt Future group companies, and hence if Mukhesh Ambani's RIL,  BUYs stake in the Future group, then this scrip can show good positive momentum. Now,  you do one thing, like ...

Tit - bits While writing this report, the BSE Sensex is seen at 38,886.49 up 87.41 points (+0.23%), while the NSE is trading at 11,480.40 up 13.95 points (+0.12%). The Nifty is get resistance at 11570/11580 rages. Hence, try to lighten your positions, on the buy side of the fence.  #The shares of V2 Retail (Rs.58.50) reached my 1st target of Rs.62. You should book profits and hold the rest with a SL of Rs.57.50. #The scrip of GAIL (Rs.100 ) is consolidating around Rs.99/103, ranges. This is a sure shot counter and hence you should accumulate it in every market decline. Next month could give us some positive effects on the share price.  #Buy the shares of Future Supply Chain Solutions Ltd (FSC | 540798 | INE935Q01015) near the CMP of Rs.148, for short term targets of Rs.181/207. SL: Rs.141. Mumbai based, Future Supply Chain came up with an IPO in December, 2017. Future Supply Chain Solutions Limited is one of the leading 3 rd  Party logistic servic...

Tit - bits The BSE Sensex is now trading at 38,214.68 down 380.18 points (-1.04%), while the Nifty is seen trading at 11,308.45 down 94.70 points (-0.88%). The Nifty is getting classical supports at 11290/117000 levels. If this holds, then we can look for upward targets of 11500 in the coming days. Normally, during the time of "Ganpati Festival", the Indices corrects a bit. So,  there is a chance of Nifty moving in the either direction, though the likelihood of going down is more. Hence, neither take buy nor sell on Nifty. Today, is NON trading day.  #The scrip of NFL (Rs.37) can be bought if it is able to close above Rs.37.50, with good volume. The company has huge debts and hence I would suggest a buy only around Rs.27/29 levels in any maket correction.  # GAIL (Rs.101.65 ) made an intraday high of Rs.103. This stock is still,  a buy on declines.  #Buy the scrip of Tata Steel BSL (Bhusan Steel)  near the supports of Rs.22/23, for short ...

Tit - bits Photo : Indian Retail  Yesterday, the BSE Sensex closed at 38,050.78 up 173.44 points (+0.46%), while the Nifty ended the day at 11,247.10 up 68.70 points (+0.61%). The Nifty would continue to get support near 11200/11700 ranges. We can look for at least 100 points up for Nifty in the coming days.  #The scrip of GAIL closed at Rs.97.65, yesterday. As mentioned, a number of times earlier, all the dips should be bought into, for targets mentioned earlier. Motilal Oswal Securities has already given a target of Rs.150 for the stock.  #The stock of V2 Retail Ltd (Rs.56.55) should be accumulated in dips for targets mentioned earlier. The festive demand ahead will keep the stock buoyant. Only that you need to advance your stop loss to Rs.51. #If you have portfolio size of Rs.3/5 lakhs, you can look for my profit sharing scheme. This market is now, giving good opportunities, to make money on the upside, which you can cash in, through better techni...

Tit - bits The NIFTY 50 closed at 11178.40 down 122.10 points   (-1.08%) SENSEX while the BSE Sensex ended last Friday at 37877.34 down 433.15 points  (-1.13%).  However, the Nifty is likely to get support at around 11170, where fresh long built ups could be seen.  #I had given a sell on Jaipraksh Associates Ltd , last week, when it was hitting UCs. On last Friday it closed at Rs.4.25, down around 4.49%. Don't invest in a share because Rakhesh Jhunjhuwala has increased his stake. He had earlier done blunder when the scrip was trading at Rs.13/Rs.14 ranges. How can you assume that he is correct this time? The company is still reeling under huge debts and only some news are allowed to circulate by vested groups for obvious reasons. If you remember I once recommended the scrip at around Rs.13, after which it touched Rs.17/21. I'll let you know if the stock of JP Associates exhibits buy signal again.  # GAIL (Rs.95.95) got recommended by Mot...

  Tit - bits First of all let me tell you that delay in my posting is more due the new blogger Interface, which the clowns in Google have done by removing the old one, which was easy to use.  This new blogger is so complex to navigate that it took some time for me to search internet regarding uploading of content. Google being a reputed company, such lapses in UI, questions its real intentions behind the change. Hence, kindly don't get offended if you are not able to see my blog contents, the way you used to witness earlier.  Anyway, the benchmark indices are both ul today.  When this report is being made the BSE Sensex was seen at 38,186.93 up 146.36 points (+0.38%) while the Nifty was trading at 11,269.15 up 55.10 points (+0.49%).  Global stock markets were upbeat after US President Donald Trump signed an executive order extending financial relief to the Americans hit by the Covid - 19 pandemic.  In the broader market, the BSE Mid-Cap ...

Tit - bits The key domestic bourses ended with steep losses on Monday, extending their losing streak for fourth consecutive trading session. Weak domestic economic data, surge in fresh coronavirus cases and intensifying US-China tensions spooked the markets. The S&P BSE Sensex slumped 667.29 points or 1.77% to close at 36,939.60 while  the Nifty50 index lost 173.60 points or 1.57% to end the day at 10,899.85. Interestingly, the Nifty declined 3.55% in four sessions. Private banks where many of our TV Analysts suddenly became bullish saw the brunt of the bear pressure. Also, the index heavyweight Reliance Industries (RIL) fell 2.83% to 2008.45, as was expected and mentioned on my blog several times. There is an old saying that when RIL moves, it means we have probably come at the end of the current phase of a rally. In the broader market too, the sentiment were conflicting. The BSE Mid-Cap index fell 0.31%, while the BSE Small-Cap index rose 1.02%. Both these...