SumanSpeaks: The Information Super Highway

  Tit - bits The domestic indices closed with a slight loss on last Friday. The BSE Sensex ended the day at 44,149.72, down 110.02 points (-0.25%), while the Nifty closed at 12,968.95 down 18.05 points (-0.14%). The Nifty is likely to face resistances at 12980/13000.  #Both of my recently recommended counters did well. While, Imagicaworld Enterinment (Rs.4.80), uched Rs.5.30 intraday, Central Bank closed Rs.12.70 -- both the scrips are a holding with 5% trailing SL. #Buy Nifty_12000 put options around Rs.37/38 for a targets of Rs.61/62. SL: Rs.27. #Buy the shares of Zensar Technologies Limited (Rs.227.70) during market dips around Rs.197/200, for short term targets of Rs.261/266. SL: 195. #Meanwhile, the Mumbai Suburban Local Train system is still to start operations, as the goal posts are getting changed August. The local train system is the lifeline in Mumbai. Therefore, keeping them out of track for so long does not augur well.

  Tit - bits The BSE Sensex yesterday touched 43,277.65 up 680.22 points (+1.60%), while the Nifty ended the day at 12,631.10 up 170.05 points (+1.36%). The Nifty might now move slowly up (sideways) for the next target of 11970. Hence, you should book 80% of your profits in Nifty long and focus on the mid and small cap space.  #My recommended Imagicaaworld Entertainment Ltd yesterday closed at Rs.4.20 up 9.06%. For retail investors the IPO price was Rs.180 per share, while for anchor investors the issue price was Rs.221. The stock is likely to double from the current price. Keep accumulating in dips.  #My recommeded Central Bank of India at around Rs.10.55 on last Monday, saw it close at Rs.11.80 yesterday. Keep accumulating for short term targets of Rs.17/18. #If you have a portfolio size of Rs.1.50 lakhs - plus and want it to managed professionally, on a profit sharing scheme, then you can ping me at: suman2005s@rediffmail.com.

  Tit - bits Photo : Bestmediainfo.com On last Friday, the BSE Sensex fell 135.78 points to close at 39,614.07, while the Nifty 50 shed 28.40 points to close at 11,642.40. On the candle stick chart, a Doji - like pattern was formed indicating indecision.  The Nifty would get support at 11,500/11370. On  the upside it would continue to face resistance around 11,770/11,860. The NDA rule has spelled doom for Indian economy. According to a report published in the Hindustan Times, 1 November, 2020, the disparity between haves and has only widened. The former comprise around 10% of the population out of which the richest 1% held 42.5% of the national wealth generated in 2019 — while the bottom 50% held a mere 2.8%. Similarly, the richest 10% of the population holds 74.3% of the total national wealth — while the remaining 90%, a mere 25.7%. According to an Oxfam report released in January, the richest 1% in India holds more than four times the wealth held by 953 million people w...