SumanSpeaks: The Information Super Highway

  Winning Strokes The blogger interface continue to pose problems, for me when I upload my inputs from my mobile or Tab. I don't understand the logic of Google, to force anyone to use their mobile App, which is even worse. Why they removed the early user friendly UI (of blogspot) is a question, I want to ask Google.  Anyway, yesterday, the S&P BSE Sensex climbed 257.62 points to 51,039.31, while the Nifty50 gained 115.40 points at 15,097.40 levels.. According to EODcharts, the key support levels for the Nifty are placed at 15,050 and 15,000. I had mentioned in my last post that if the index moves up, the key resistance levels to watch out for will be at: 15150/15,161/15,224. However, stock specific action will be the key theme to watch out in future. #Yesterday the stock of Future Retail Ltd (Rs.70.50) moved up with good volumes. The retail sector will be one of the biggest Beneficiaries of the recent budget for FY22. In other words, more money in the hands of investors, ...

  Winning Strokes When this report was being written the markets were seen upbeat, piggybacking on strong overseas, cues. BSE Sensex was trading 51,206.91 up 425.22 points (+0.84%) while the Nifty50 was seen at 15,130.30 up 148.30 points (+0.99%).  The S&P BSE Mid-Cap index was up 0.97%. The S&P BSE Small-Cap index was up 0.86%. The market breadth, indicating the overall health of the market was strong.  On the BSE, 1488 shares rose and 489 shares fell. A total of 77 shares declined. #The Nifty50 bounced back from near 14700, making a temporary bottom. However, the Nifty will face resistance at 15150, shifting the focus in the small and mid cap space.  #Buy Future Retail Ltd (Rs.70.25) near the CMP for short term targets of Rs.91/97/165. SL: Rs.65. Triggers : The shopping malls have once again started functioning. Hence, from this quarter the business of the company is set to take an upwards momentum, especially when the FM has come up with an expansionary b...

  Winning Strokes  I'm not well today and have to visit a doctor, as yesterday night while taking food I accidentally fell asleep on the bed and something entered my food pipe which is giving me uncomfortable feeling accompanied by intermittent cough. Hence, I'm writing this post in a hurry, so as dash to a healthcare centre or to a nursing home. Besides, this new blogger interface causes problems for a quick update of this blog.  Anyway, on the last Friday, Nifty50 declined for the fourth consecutive session and slipped below the crucial 15,000 mark, forming a  "Bearish Engulfing pattern", on weekly charts. The Nifty50 EOD chart apart from sell signals from the momentum oscillators, gives an indication of continuity of the earlier trend. The Nifty50 may drift towards 14000/13600 in the coming days.  Therefore, all the initial rises in Nifty50 may get sold into, in the latter half of the day. DIIs sell Rs.1,175 crore worth of equities : Though the FPIs were ne...

  Winning Strokes The key domestic stock  indices continued with their downward march as was expected. The BSE Sensex closed at 51,324.69 down 379.14 points (-0.73%), while the Nifty50 closed at 15,118.95 down 89.95 points (-0.59%). With the Nifty P/E near 41.26 and EPS of meagre Rs.366.40, this market is due for further correction to 13600 levels  in the short term; especially in the event of the rise of petroleum products in India.  #Those who have mailed me, regarding my CROREPATI  Scheme, kindly give me a little time to respond, as I'm too tied up with several activities. Those who have joined, kindly wait for my news based buy or sell call, to maximise your chances of getting profits out of the trades or investments. Kindly note that this is not a PMS service.  #The share of Tata Motors Ltd (Rs.323.85) corrected, yesterday. Hold the scrip with a SL of Rs.133. With the rise in petrol prices and a threat of inflation due to an expansionary economy...

Winning Strokes  Actually, these days I'm not getting much time after servicing my Premium Clients, apart from my normal writing and other assignments. Moreover, the new UI of the blogger is another headache.  Anyway, the much expected correction might have come at last. The key indices have been moving up, without much fundamental backing.  The P/E of Nifty is now ~41.50, and hence the odds are in favour of the bears.  During the writing of this report the BSE Sensex is seen trading at 52,107.54 down 77.37 points (-0.09%), while Nifty50 was seen at 15,311.55 down 10.65 points (-0.02%).  In the short term the Nifty might test 14470 on the downside.  The markets moved up when NaMo sympathetic business channels like Zee Business, riased the bogey of expansionary budget for FY22.  But according to a recently published media report, former RBI Deputy Governor, Dr. Rakesh Mohan said: "The Budget is highly constrained in the expenditure side also, with commi...

  Winning Stokes  The problem with blogger interface continues and this is acting as a great hindrance for updating. It seems Google, will not rectify the faults in the system - - A sadistic approach. Photo : The Happy Saver  Anyway, the BSE Sensex closed at 51,309.39 down 19.69 points (-0.04%), while the NIFTY50 ended the day at 15,106.50 down 2.80 points (-0.02%). The noticeable point is the Nifty P/E of  41.81 , which is almost double the normal values of 22/24. The Nifty has an EPS of Rs.361.30, which is a peanut considering the its current level. Hence, a correction is imminent as stock markets can't move up indefinitely. My CROREPATI SCHEME h as kick started from today, with the enrollment of few will investors who have reposed their faiths on me. However, we are refraining from taking any buy positions inspite of daily rise of Nifty. In this scheme there will not be any margin based trading, but investment based on news. Since, margin trading is absent...

  Winning Stokes The markets have been rising (or getting pumped up) since the announcement of the Budget FY22. The BSE Sensex is now trading at 50, 408.35 1 up 610.63 points (+1.23%), while the NIFTY50 is now seen at 14,830.65 up 182.80 points (+1.25%). Now the question is why there is such an euphoria in the markets when the P/E of the NIFTY50 is 38.79, PB of 4.15, Dividend of only 1.08% and EPS of only Rs.382.30? Nothing much rationality, expcept media created frenzy.  I saw a YouTube video where a gentleman was seen explaining why the markets don't look expensive at a P/E of whopping 38.79 taking the case of Ionex Leisure Ltd (Rs.338.45), which is Bizarre, when most sectors except Hotels, Cinema Halls and Railways continued to function in full swing from the 3rd quarter FY 21 and earning can't move in such a rapid fashion to cover a P/E as high as Rs. 38 - plus. Hence, the truth is that at the current price, the domestic bourses are extremely overvalued and could coll...

  Winning Stokes Like everyday let me begin by saying that the User Interface (UI) of this blog has become worse for any uploads from through a mobile or Tab. Google has removed the earlier user friendly UI version and replaced it with this new monstrous one; which has tormented the bloggers, like me who sometimes use an android device to update the blog.  Anyway, on last Friday the domestic indices went for further corrections. The BSE Sensex closed at 46,285.77 down 588.59 points (-1.26%), while the NIFTY50 closed at 13,634.60 down by a whooping 182.95 point (-1.32%) . The Nifty is likely to continue its downtrend and touch 13170 on the down side before we could look for some pullback. Today is the budget day and hence the indices might rise during the initial hours, which should be used to come out of long positions or book profits in recommended shorts. But don't create fresh Nifty shorts, as of now. As per Current Nifty PE Ratio Chart of 29 January, 2021; Nifty PE ...