Winning Strokes 

First of let me tell you that because of my injury in left hand, I'll be posting updates only in blog and occasionally in twitter. The new Blogger interface has become worst, after Google made some changes. 

Also, I'll commence writing a book on Machine Learning (Read AI+ML) as a Ghost Writer for an overseas client, from next week (I'll sign the formal contract this week) in addition to the content I provide to the domestic and overseas companies (US + UK basically), plus my other Ghost writing assignments. 

Hence, it would be difficult for me to update this blog too often. Therefore, I feel it would be prudent if you join my Premium Subscription package and remain ahead of others in the information front (Don't worry about the price of Rs.18,000 per year. Pay what is affordable for you and join my team). 

Or you can join my #Crorepati #Scheme and get the best guidance to become a multimillionaire over a given period of time, through various investment options. 

The Sensex and Nifty were trading down when preparing this report was being prepared. BSE Sensex was seen trading at 52,484.73 down 242.45 (-0.48%), while the Nifty50 was seen at 15,726.70 down 89.20 points (-0.56%). 

Nifty was rising in expectations of a package. Now this is just a normal correction after the news came in public domain. The Indices are likely to stay bullish but range bound in view of the major trigger by the FMO. However, it would be better if traders concentrate on individual counters.

#In major development the Finance Minister Nirmala Sitharaman on Monday announced Rs.1.5 lakh crore of additional credit for small and medium businesses, more funds for the healthcare sector, loans to tourism agencies and guides, and waiver of visa fee for foreign tourists as in bid  to support the pandemic-hit Indian economy. 

Together with previously announced Rs 93,869 crore spending on providing free foodgrains to the poor till November and additional Rs. 14,775 crore fertiliser subsidy, the stimulus package - mostly made up of government guarantee to banks and microfinance institutions for loans they extend to Covid-hit sectors - totalled up to Rs 6.29 lakh crore. This is a massive figure which is likely to keep the broader market buoyant. 

Other announcements included an additional Rs.19,041 crore for providing broadband internet cover to all village panchayats, an extension of tenure of production linked incentive (PLI) scheme for large scale electronics manufacturing by a year. This news about Broadband is likely to spike up the shares of Den Networks Ltd (Rs.56.65). Also, the announcement of the extension of the PLI scheme is likely to be positive for Den Networks Ltd (Rs.56.50), as the company has partnered with 

Skyworth Group, a leading global TV manufacturer and high-tech public company engaged in businesses ranging from consumer electronics, Internet communication products and security & protection products. Skyworth is one of the top 10 TV brands in the world and No.1 TV brand in China. DEN has partnered Skyworth for digital Set Top Boxes.

Den Networks Ltd has also partnered with Kaon Media, which is a leading player in digital technology engaged in building and customizing set top boxes, Kaon Media has earlier  supplied customised Set Top Boxes for DEN including its HD set top box. Post this announcement we can look for short term targets of Rs.71/72.

#In another development, the Singapore International Arbitration Centre (SIAC) will start its final hearing over a plea filed by e-commerce major Amazon against the Rs.24,713 crore deal between Future Group and Reliance Industries from July 2, according to a regulatory filing. But this is immaterial as the company's online business has clicked with 50,000 - plus orders per day. Also, whoever takes control of the company Rs.30,000 crore Future Retail Ltd (Rs.64) will be benefited. The investors who are not accumulating the scrip in market declines, will repent after one year, when it will become more than double from the current price. 

#Patel Engineering Ltd (Rs.19.20) is a solid company and investors should do well to Accumulate the scrip in every decline. I'm looking for a target of Rs.51/72 in the next 9/12 months time frame, as the company competes its OTS with the lenders.