Winning Strokes

On last Wednesday the BSE Sensex closed at 48,690.80 down 471.01 points (-0.96%) while the  NSE closed at 14,696.50 down 154.25 points (-1.04%). Today the Nifty is likely to test 14500 on the downside. With Coronavirus-outbreak creating havoc, there will obviously be some negative impacts on the market due to the pandemic.

#The steel shares have been rising since some days after Morgan Stanley gave a  Bullish rating on Tata Steel. My recommended Tata Steel BSL Ltd (Rs.10 1.25) at around Rs.18/20 moved to above Rs.100 and made an intraday high of Rs.109, on last Wednesday. The investors are suggested to book 80% of the profits and hold the rest with a SL at Rs.97.

#Anyone having an investable fund of around Rs.2/3 lakh to be deployed in a Crypto currency on 50:50 profit sharing basis, can ping me. Do you remember my last year's recommendation of Eutherium at around Rs.17,000/18,000? It has crossed Rs.2 lakhs now...😊😊

#Future Retail Ltd (Rs.45. 90) saw a sudden rush of volume on last Wednesday. I saw Jio Mart being open in Palghar West, on last Tuesday, may be because it also sells grocery items. Taking hint from it we might soon see Future Retail Ltd opening up, especially as the number of Coronavirus cases in Mumbai has started to reduce. Remember, you are buying a Rs.30, 000 crore company at the CMP. Also, Amazon which has invested in its group company a hefty amount will also not like the value of Future Retail go down. This is the natural logic.

#As the Festival Season will kick off, with Eid, you can buy the shares of Eros Media Ltd (Rs.23.70) near the supports of Rs.20/22, for short term targets of Rs.32/35.

#The shares of Adhunik Industries Ltd (Rs.29.95) recommended recently made a high of Rs.35 on last Wednesday. The stock was asked to be accumulated in market dips on its journey towards 100D EMA at around Rs.21.90. The company has commenced operations in its Durgapur, Bengal plant after Nationwide Lockdown due to Covid-19 pandemic forced it to close its operations at the beginning of last year. How many of you could make money in this stock? Do let me know through blog inputs and through Emails at: suman2005s@rediffmail.com. 

#Speculative scrip SAL Steel Ltd (Rs.4.90) can be accumulated during market dips for a short term targets of Rs.6/7.50. The non risk taking investors should stay away from the counter.

#You can Accumulate the shares of Reliance Capital Ltd (Rs.11.75) near Rs.10.70/11 during market dips, for short term targets of Rs.14/17. SL: 9.50 (Don't play without SL).