Winning Strokes

The domestic bourses are now trading deep in the red. The BSE Sensex is now trading at 57,950.99 down 707.21 points (-1.18%), while the Nifty is trading at 17,313.55 down 209.05 points (-1.16%). The Nifty is likely to get support at 17200/17250 ranges. This is a buy on declines market.

#Bombay Rayon and Fashions Ltd freezed at Rs.8.55. The stock is out of the Z - group and has opened a retail store in Bangalore. It is now a holding company like my other recommended counter, Coffee Day Enterprises Ltd.

BRFL Textiles Private Ltd. 

BRFL Textiles Private Ltd. (BTPL), housing the largest single-roof fabric processing unit in India, has completed an INR 2.4 Bn equity infusion from a consortium of marquee financial investors led by JM Financial India Fund II (an Indian growth private equity fund), Think Investments (a San Francisco-based investment firm), and others.

Keep adding in declines for targets of Rs.11/12. Photo: Newly opened retail store in Bangalore.

#A2Z Infra Engineering Ltd (Rs.11.40) is consolidating at the current levels before the next upmove to Rs.21/26.

#Shriram EPC Ltd (Rs.9.80) is preparing for the next upmove as according to my (unconfirmed) sources in Chennai, the QIP of Rs.350 crore will start this month. Keep accumulating for targets of Rs.31/32.

#Union Bank of India Ltd (Rs.50.60) touched the 1st target of Rs.51 (Intraday: Rs.51.70).

#Marshall Machines Ltd (Rs.53) is finding difficulty to cross Rs.55/57.50 level. Book profits.

#UCO Bank Ltd (Rs.13.55) should slowly move towards Rs.17/19.

#Global Vectra Helicorp Ltd (Rs.56.10) has no volume but surprisingly it is still in the T - group.  This raises serious questions regarding the quality of SEBI's surveillance mechanism.

Global Vectra Helicorp Limited provides helicopter charter services for offshore transportation as well as services to the oil and gas exploration and production industries. It also provides on-site transportation via helicopter charter.

#The Bombay based construction outfit: Generic Engineering Construction Ltd (Rs.43) made Rs.44 intraday. It might again attempt to break out of Rs.45/47 ranges. Keep watch.