Winning Strokes

The BSE Sensex was last seen at 56,926.03 down 434.15 points (-0.75%),while the Nifty was seen trading at 17,053.65 down 147.70 points (-0.86%). 

The market breadth, indicating the overall health of the market, was negative.

FIIs net sold Rs.1,174.05 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs.1,643.84

Cr.

Yesterday in US, selling was witnessed as investors dumped equities on fears of an economic slowdown, spooked by high inflation.

Investors are worried about a Covid surge in China. Regarding the war in Ukraine, a top Russian official said the threat of nuclear war is Real.

On the positive, India continue to show high growth momentum, with its GDP is projected to grow fastest in the world. This is likely to attract foreign funds in Indian shores. Hence use the dips to accumulate good shares at reasonable prices.

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#There is a Festival Offer for those who wants to trade through my associate brokerage house. You can now join my associate brokerage house, if you have a portfolio size of just Rs.50,000 (Fifty thousand only). I've trimmed it down as per your request, from Rs.3/5 lakhs earlier. You'll get my free guidance, if you join my brokerage house, availing this offer. If you want to go for profit sharing, you can also do the same, but for that the minimum portfolio size should be Rs.1.50 lakhs. The investment will be mainly through delivery based trades and rarely through F&O. This will make your investments safe.

#The shares of A2Z Infra Engineering Ltd (Rs.14) gave good returns to investors. Accumulation when the corrective phase is over for the stock. It can retest Rs.12.70 on the downside.

#Suzlon Energy Ltd is doing well in the fundamental front. Suzlon Energy Ltd posted a consolidated net profit of Rs.37.73 crore in the December 2021 quarter, piggybacking  on higher revenues. The company had reported a consolidated net loss of Rs.118.06 crore in the same quarter of the previous fiscal. We can look for targets of Rs.17/19 in the coming days. Accumulate.

#Yesterday, I recommended a buy on RBL Bank Ltd near Rs.123/123.25, for short term targets of Rs.141/146.

The brokerage house, Motilal Oswal had earlier come out with its fourth quarter (January-March’ 22) earnings estimates for the Bank. The brokerage house expects RBL Bank to report net profit at Rs.198.4 crore up 163.3% year-on-year (up 27.1% quarter-on-quarter), while the Net Interest Income (NII) is likely to increase by 15.40% Y-o-Y (up 3.50% Q-o-Q) to Rs1,045.6 crore. Motilal Oswal has given a price target of Rs.200. Photo: The Financial Express.

#The shares of Wockhardt Ltd (Rs.276.60) should be accumulated on market declines. This is an investment grade scrip. Flush with Rights Issue money, the company is expected to further de - leverage its balance sheet. We can look for price targets of Rs.500 - plus by this Deepawali.

#The shares of Aban Offshore Ltd (Rs.64), reached both my short term targets of Rs.57 and Rs.71. The investors who are still holding can book part profit and hold the rest with a SL of Rs.61.

#Indowind Energy Ltd (Rs.16.60) is coming up with Rights issue by June, 2022. Accumulate The high crude oil price is exposed to push up the Wind Energy Tariffs.  the shares in market dips, if you wish to get right issues shares.

#Meanwhile, the shares of Swan Energy Ltd (Rs.314.25) rallied to Rs.333.40, after my report on Nikhil Merchant surfaced on this blog. However, I didn't give a buy on the scrip.