Winning Strokes

Today, the markets went for selling at the end of the day. The BSE Sensex tanked by 664.32 points (-1.16%) to 56,502.42, while the NSE shed 198.40 points (-1.16%) and was last seen trading at 16,975.25. 

I basically feel two reasons for the indices to come down suddenly: (i) The money is coming out of the overvalued Large caps and entertaining the Mid and Small caps. (ii) Fresh Covid - 19 scare might have spooked the retail investors. However, you should use this kind of opportunity to accumulate good shares at a reasonable price.

#As expected A2Z Infra Engineering Ltd freezes hit another buyer Freeze at Rs.13.45. We can look for good targets going forward.

#The shares of Reliance Naval and Engineering Ltd hit the Upper Circuit today at Rs.3.75. Accumulate for targets of Rs.11/12. You should buy and keep holding, since you know the story. The lenders will not agree to go with JSW Energy not only because its bid is too low, but also because Nikhil Merchant is more experienced when it comes to executing Defence contracts (like making of War Ships).

#Buy the shares of Wockhardt Ltd at the CMP of Rs.285.90, for short term targets of Rs.410 - 441. SL: Rs.266. I'm expecting a turnaround in this quarter.

#Those who have still not booked profits in Aban Offshore Ltd (Rs.56) are requested to do the same and hold the rest with a SL: Rs.51.