SumanSpeaks: The Information Super Highway

  Tit - bits Today,  the BSE Sensex is seen trading at 37,898.17 up 509.51 points (+1.36%), while the Nifty is seen at 11,202.25 up 152 points. Thus, the Nifty has again turned Bullish and is expected to move towards 12500. #Among the positive news for the entertainment sector: Cinema halls to reopen from 1 October,  2020. In this context let me recommend the shares of Cineline India Ltd (Rs.27.80) near Rs.27, on intraday dips for short term targets of Rs.31/32. SL: Rs.26. #You can continue to add the shares of  20 Microns Ltd (Rs.29)  near intraday dips for at least 30/40% appreciation from the CMP.

  Tit - bits The BSE Sensex is now trading at 38,853.68 down 123.62 points (-0.32%), the Nifty is seen at 11,501.75 down 5.40 points (-0.12%). #The Nifty would continue to get supports at 11300/11200. The investors should pick up stocks in decline, as the recovery post Covid - 19 outbreak has been unprecedented.  #Buy the shares of GAIL near the CMP of Rs.92.05, for short term targets of Rs.97/102. SL: Rs.86. During the last few months, the liquefied natural gas (LNG) cargo prices have doubled to $US4 per million British thermal unit from a record market low of only $US2/MMBTU in June. If the current trends continues then gas demand is set to double for China and India by 2040, powered by its cleaner-than-coal reputation and government measures to cut air pollution in Asian cities. This is likely to have a negative effect on the fertilizer and power plants -- hence don't build huge positions in these two sectors.  Due to some problem in Blog interface due to the introduc...

20 Microns Ltd: Buy CMP: Rs.29.30 FV: Rs.5 BV: Rs.49.14 EPS: Rs.5.12 SL: Rs.26 Introduction : 20 Microns Ltd is India's largest producer and supplier of Ultrafine industrial minerals and specialty chemicals. It uses one of the most advanced quality control equipments to produce : industrial minerals, paint additives, quartz, fillers for paint and ceramics, etc Shareholding Pattern : Promoters' Holdings have increased from 43.05% in the December, 2019 quarter to 44.83% in June quarter, invoking further confidence among the investors. Investment Rationale: - It is a Proxy - play to Paint and Paper Sectors from which it gets around 45/50% of its revenues. Since, the export is low and hence, it is likely to be hit less due to Covid - 19 pandemic. - The company has 9 captive mines which can continue up-to 20 -- 25 years. This adds tremendous value to the share, especially in comparison to its immediate  peer group company, Ashapura Minechem Ltd (Rs...

Tit - bits The BSE Sensex started with a bang, as expected and was mentioned in my morning blog post.  The Sensex is now trading at 38,757.74 up 563.82 points (+1.48%), while the Nifty is seen at 11,417.80 up 139.80 points (+1.24%). The Nifty longs can continue for a target of 11560. #Buy the shares of 20 MICRONS LTD (Face Value: Rs.5)  near the CMP: Rs.29.55 (but preferably during market dips) with SL: Rs.26. T: Rs.35/36. The scrip has a book value of Rs.49.14 and market cap of only Rs.104.45 Cr.

Tit - bits The BSE Sensex has closed at 38,193.92 down 171.43 points (-0.45%) 11,278.00 down 39.35 points (-0.35%). As long as the Nifty level of 11200 is intact, the Bulls can hold on to their longs. #The scrip of MMTC Ltd (Rs.17.40) bounced from lower levels, yesterday, but it seems the stock will take some time to move up. The short term traders can exit with small loss or at no profit no loss.

Tit - bits Photo : Jansatta   The domestic indices closed flat yesterday. The BSE Sensex closed at Exchanges will reopen on 08 38,417.23 up 60.05 points (+0.16%) while the Nifty closed at 11,355.05 up 21.20 points (+0.19%). The Nifty thus is getting support near 11200/11300 ranges and as long as this level is intact, the bulls acan build short term long positions. #I feel the scrip of MMTC Ltd (Rs.18.20) will test Rs.17.70 level before going up. You should therefore wait for more clearer signals. #Buy the shares of Kothari Sugars and Chemicals Ltd (Rs.14.95), for short term targets of Rs.19/21. The chairperson of this company is Mukhesh Ambani's sister, Nina Ambani Kothari. The festive demand for sugar, is likely to keep the stock buoyant. 

  Tit - bits Photo : Balance The domestic bourses are traded subdued on the morning trade. The BSE Sensex is seen at 38,544.66 down 438.20 points (-1.14%), while the NSE's Nifty50 is trading at 11,404.50 down 120.45 points (-1.07%). Several media reports points to escalation of tensions in the Sino - Indian border. Hence, the markets could go for mild correction at this point of time. The Nifty could test 11200 downside. Hence, the traders on the buy side of the fence, are suggested to keep the positions light and wait for this spell to complete.  #The scrip of Future Supply Chain Solutions Ltd  (Rs.143.10) after hitting my 1st target of Rs.172 is undergoing correction and is likely to hit Rs.127 on the downside. Hence, all the short term traders are suggested to exit the scrip. And wait for the stability for fresh entry.  #The scrip of MMTC Ltd (Rs.18.65), is consolidating around the current ranges. The scrip may not go for too deep correction at du...