Winning Strokes
I feel with no specific trigger in the near future, the indices are likely to trade sideways. You can play in Nifty50 with small targets (say 40/50 points) in mind.
#In a twist, the division bench of Delhi High Court comprising of the Chief Justice D N Patel and Justice Jasmeet Singh issued notice to Amazon on Future #Group's appeal, challenging the single judge's March 18 judgment on the deal by which all the objections raised by them were rejected. "...we hereby stay the order of the single judge dated March 18, 2021, till the next date of hearing," the bench said and listed the matter for further hearing on April 30.
The verdict of single judge of Delhi High Court looked a bit bizarre to me, especially when a number of lawyers have spoken about the loopholes in the ruling of SIAC or about the binding clause of any ruling coming from Singapore International Arbitration Court (SIAC) regarding Indian companies.
Moreover, CCI should now come forward to stop this outlandish method of weeding out competition from a peer group company (Read Reliance Industries) by Amazon, the US e-commerce giant.
Also, it looks really surprising to see why the NaMo government is not taking any stand on the issue when the livelihood of a few lakh direct and indirect employees of Future Group are concerned. The matter is getting unnecessarily delayed and the NDA government shold use its executive powers to smoothen the matter instead of only looking at judicial options.
Interestingly, on last Friday when panic selling started and my phone got busy due to calls from investors belonging to the Crorepati Scheme, I told them that it can go down upto Rs.47, so they can average out when the price stables. The share price made a come back from near Rs.50, triumphanting my prediction. The Bottomline is: You need to have some faith on the market expert who has been in this filed since more than a couple of decades.
Also, when any verdict either in favour of Amazon or Reliance is positive for the company, I was a little surprised when the scrip hit the LC on last Friday.
Kindly keep accumulating the share of this Rs.30,000 crore company at dirt cheap price, considering the revival package of both the Amazon and the Reliance Industries of Mukesh Ambani.
I reiterate, a verdict in either direction is positive for the company as both the business parties engaged in war are looking to boost the fundamentals of Future Group. By the way, we will sell the stock of Future Retail Ltd (Rs.55.90) at Rs.200 plus. This is a Crorepati stock.
#I have recommended another stock to the Crorepati Scheme group members, which can give you good returns going forward. To know the name and to get registered with the scheme you need to a send mail at: suman2005s@rediffmail.com/sumanm2007s@gmail.com.
Also, I have put a nominal registration fee, to get enrolled in the scheme, just to keep the Time - Passers away. That fee will get forfeited if you leave the scheme in between. This money will be adjusted from the final amount or when you will become a Crorepati.
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