Winning Strokes

First of all, let me tell you that these days due to a hectic work schedule, I'm not getting time to upload this blog on regular basis. However, you can place your questions below the blog posts. I'll try to reply them, whenever I get time.

Anyway, on last Thursday, the BSE Sensex closed at 58,305.07 up 54.81 points (+0.09%), while the Nifty50 closed at 17,369.25 up 15.75 points (+0.09%). 

Adding to the bullishness is the encouraging FII and DII data. Foreign institutional investors (FIIs) net bought shares worth Rs.423.44 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs.704.21 crore in the Indian equity market on September, 9, 2021.

Meantime, while the Nifty formed a bullish candle on the daily charts and monthly charts, it formed a spinning top pattern on the weekly chart; indicating that some pressure might occur due to profit booking at higher levels.

The uptrend in Nifty is likely to continue up to 17,450-17,650 levels. On the flip side, breaking of 17,200 may lead the Nifty towards 17100/17000 levels. The traders are therefore suggested to concentrate on the small and mid cap space, as the rally in this zone is expected to intensify in the coming days.

#The share of Reliance Capital Ltd (Rs.17.95) hit another buyer Freeze on the last trading day. As mentioned umpteen number of times, the company's fundamentals have started to improve. We can therefore look for targets of Rs.30/37/41, in the coming days, where you can systematically book profits. Photo: Wikipedia

#In a major victory for the debt-laden ADA group of Anil Ambani, the Supreme Court has upheld an arbitral award (that went in favour of the beleaguered group). The amount totalling over Rs.4,600 crore including interest will help the Anil Ambani-led Reliance Group to pare its debt. This will have a massive positive effect on all the ADAG shares. Hence, we can expect few more upper circuits in Reliance Capital Ltd and Reliance Infrastructure Ltd (Rs.74.15). If you remember, I have been recommending a buy on Reliance Infrastructure since, below Rs.10 (check my previous blog posts).

#Those who have a portfolio size of around Rs.2/3 lakhs can join my #Crorepati #Scheme, and make steady gains during this Bull phase. Those who had made losses earlier are suggested to take help from experts to come up with gains. #Crorepati #Scheme is a delivery based investment strategy, based on both Fundamental and Chartical (Technical) analysis (This is not a PM scheme). You can take help of my more than 2 - decade experience in equity/share market and maximize your gains.

#The stock of Den Networks Ltd (Rs.49.10) is preparing to move towards Rs.72/77/91 ranges, as daily labourers return to work and the lockdown gets slowly lifted. This debt free Mukhesh Ambani is a risk free investment option, where profit from the current levels is almost guaranteed.

#The stock of Future Retail Ltd (Rs.50.50) hit the buyer Freeze, after a favourable news from the honourable Supreme Court of India came. But whatever be the final court verdict, the Future Group will gain. Hence accumulate the shares of FRL on every decline.

#The stock of my recommended RBL Bank Ltd (Rs.172.20) fell with low volume on last Friday, indicating that it might get supports around Rs.167/167.50 ranges. If the Indian economy improves, then the best bet would be the private and the PSU banks (PSBs). We can look for short term targets of Rs.217/221, in the coming days.

#Those traders who are still to exit the shares of Yes Bank Ltd (Rs.10.95), should do that when the scrip comes near Rs.13/13.50. We exited the scrip long back when it was hovering near Rs.13/14.

#I will recommend a new small/mid cap counter this week, for the ardent blog readers. Also, I'll speak with my sources in Patel Enginnering Ltd (Rs.16.10), this week and post my findings in this blog. Therefore, Keep Tuned.