Winning Strokes 

Today, the BSE SENSEX was trading at 50,416.45 up 566.61 points (+1.14%), Nifty was seen at 14,965.45 up 203.90 points (+1.38%), when this report was being prepared. However, I feel the Nifty should touch 13600/13700 on the downside before moving up. The fundamentals of the indices are very weak and a collapse can't be ruled out in the short term. Hence don't take too deep longs. 

#Yesterday, the scrip of Future Retail Ltd (Rs. 69.35) closed flat. But it is now amply clear that Mukesh Ambani will have an edge over his US rival in the domestic turf. But who takes it over ultimately doesn't matter much as both the companies in the fray are giants in their own sphere. I'm expecting the scrip to cross Rs.200 very soon, as the shopping mall business has started to gather momentum once again. Future Group, the Rs.30,000-crore retail Goliath has around 1,800 retail stores in 400-plus cities and towns across India. On the other hand, with nearly 12,000 retail stores in 7,000 cities and towns, the Reliance Retail vision is to be a global powerhouse. Yesterday, the percentage of Deliverable Quantity to Traded Quantity was a whooping 69.64%, which means the accumulation is going on. 

Meanwhile, malls, theatres and shopping areas are slowly and steadily limping back to normalcy, as more and more people are heading out to catch a movie or do quick shopping as compared to the months of Lockdown. The number is just 22% percent below pre-COVID levels, according to the numbers reflected in Google’s Mobility Index. The uptick comes at a time when the government of India has started to roll out the COVID-19 vaccines for the masses. The first phase has been completed where in frontline workers were given their first dose. The second phase, which includes senior citizens above the age of 60 years and those older than 45 years with comorbidities, has kick-started from March 1, 2021. Photo: Jansatta

#The stock of National Fertilisers Ltd hit another upper circuit today at Rs.69.85, which is also its new 52 - week. The stock has moved up vertically from around Rs.38. The share could touch Rs.77/81, where you to book some profits.