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 Motilal Oswal Securities last week for a target of Rs.150. This is an investment grade scrip and you should accumulate with a SL at Rs.86. However, in the short term keep a SL at Rs.91. Those who have not booked at least partial profits at Rs.99, should use SL,  strictly.

#Buy the shares of V2 Retail Ltd (Rs.53.95) near the CMP for short term targets of Rs.61/62. SL: Rs.46. The shopping malls have started to open up and the festival demand is likely to pick up soon. 

#If you have an investment portfolio of around Rs.3/5 lakhs then we can jointly make money from equity investments, on profit sharing basis; using the current momentum in the share markets. I have a couple of scrips which can give at least 50% --plus return in the next 9/12 months. If anyone is interested in them, they can kindly mail me at: suman2005s@rediffmail.com.