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 during the uncertainty the price of Gold and other commodities rises. We have seen this post Covid - 19, as to how the price of food items shot over the roof.

#If you have a portfolio size of around Rs.3/5 lakhs then we can go for news based investing, on profit sharing basis. These days, I'm not getting sufficient time to update this blog. However, you may keep track on my social media (Facebook and Twitter) posts....