Winning Strokes

The BSE Sensex closed at 59,537.07 up a whopping 1,564.45 points (+2.70%), while the Nifty ended the day at 17,759.30 up a massive 446.40 points (+2.58%).The Nifty had already reached my target of 17500.

The Nifty will next try to cross 18000 which it failed last time. In absence of not much negativity, this is achievable, by next week.

Yesterday Dow Jones closed at 31,510.43 down 280.44 points. However, the markets are likely to trade volatile with a bullish bias. Buy good scrips at reasonable valuations during market dips.

#I have taken some shares of Dharani Sugars and Chemicals Ltd (Rs.11.20) and Bajaj Hindustan Sugars Ltd (Rs.10), for those who accounts I manage. The reason behind this move are:

🔵The festive season has approached with the Ganapati Festival which generally escalates the demand for sugar.

🔵The finance minister, Nirmala Sitharaman had announced, to levy additional excise duty of Rs.2 per litre on unblended fuel. The tax shall be applicable from October 1, 2022. 

The government's initiative was aimed at reducing the overall oil import by blending ethanol in the fuel. This move is likely to encourage ethanol blending of fuel and may have direct positive impact on the sugar companies.  

Ethanol is a byproduct of sugar manufacturing, and the government has planned to blend as much as 20%, ethanol in fuel by 2025.

Buy sugar counters and hold them for one month.

#Buy Zomato Ltd at Rs.62.20. The ensuring Festival season is good for restaurant and sugar stocks. 

#Those who are holding Reliance Power Ltd (Rs.18.40), kindly book some profits and hold the rest with a SL of Rs.17.40.

#Those who are holding the shares of Vodafone Idea Ltd (Rs.9.05), may continue to add on declines. ,

#Buy the shares of BSE Ltd at Rs.654, T: Rs.696/771. SL: Rs.646.

Any buoyancy in stock market is positive for stock exchanges. Whether it is bull 🐂 or 🐻 market, stock exchanges continue to earn.

The price of the share of MCX is ~Rs.1288, while the price of the share of BSE Ltd is only Rs.652. Now tell me which one carries more halo, MCX Ltd or BSE Ltd? Hence, I strongly feel that at the current price the share of BSE Ltd is undervalued.

#Nitin Spinners Ltd (Rs.226.65) continues to do well. Now raise the SL to Rs.221.

#The stock of RTN Power Ltd (Rs.4.10) hit the buyers freeze today. Once Rs.4.20/4.30 range is crossed we could see new 52 - week high.

Tit- bits

Photo: SCB Global Network 

At the  time of writing the BSE Sensex was seen trading at 33,617.39 up 313.87 points (+0.94%) while Nifty was trading at 9,918.10 up 91.95 (+0.94%).

The domestic indices are likely to come off from these levels, as market participants are afraid of taking leverage positions at current levels amid a rise in volatility.

What is irrational and hilarious is that when this quarter GDP growth of India would be near ZERO,  the Nifty is near 10000. Therefore, a stock market contrary to the popular perception is NEVER a barometer of any economy in the short term -- though in the long term markets will reflect the macroeconomic characteristics of any economy.  The point to drive home is that: Stock Markets will rise, if people BUYs stocks and will touch nadir due to sentiment turning extremely pessimistic. In short term,  rise or fall of tbourses has nothing much to do with the fundamentals of any economy, it is purely sentiment driven. 

With Indians counting themselves among the 7 - worst Covid - 19 affected nations, this irrational upmove of the indices defy all logic and imagination. This shows how, people all over the world are a prisoner of the term "Herd Mentality".

Narendra Modi government have been presenting us with, a rickety economy since the ill conceived demonetisation, which was touted to kill the burning economic evils in one go, was implemented, with all force and tall talks; bereft of any accountability or scruple. Now this Covid - 19 episode is likely to make things even worse, if Rnot worst. The unemployment figures according to some estimates have already touched 14 crore plus. What will happen in the next few months is an obvious conclusion. Those who are saying the worst is behind us, are simply building castles in air. Just wait and watch!!

Besides,  higher margin requirements in the F&O segment is also detering the punter to go high leveraged.

The benchmark indices added another 3% on June 1, the first day of lockdown 5.0 on the hope of a fast economic revival, as the government allowed resuming economic activities in non-containment zones.

However,  with Rs.20 lakh crore economic package for Covid - 19 pandemic, and Rs.1000 crore for the Amphan affected people, and with a very low visible revenue stream during the last couple of months, this government is virtually at the end of its tether.  

I  don't agree with those theories which speak of higher revenues due to robust economic package. With so much uncertainty still wrapped around Covid - 19, it would be beggar our imagination, if we underestimate the loss in GDP growth, due to this catastrophe.

Gold prices are likely to come down as more and more countries ease lockdown curbs, lowering the risk sentiment. On MCX, gold futures were down marginally at ₹47,137 per 10 gram.

Moreover,  Moody's downgrading of India's sovereign rating on Monday., will not go well with FPIs, DIIs nd HNIs. 

In such circumstances, I foresee the Nifty to test 9300, before touching 10000.

Meanwhile, Granules India Ltd hit Rs.179.75 intraday, after it was recommended by a consultancy in Money Control. 

SKM Egg Products Export Ltd also touched Rs.37. The demand for eggs is likely to be high in global markets in the short term, primarily due to poultry industry suffering in the hands of Covid - 19 catastrophe.

Also,  my recently recommend SAIL made a high of Rs.31.10, while HINDALCO Industries Ltd made a high of Rs.143.50, intraday.

The scrip of National Fertilisers Ltd touched Rs.27.70, intraday, today. It almost doubled from the price of Rs.14.70, it made post nation wide Lockdown. I have been recommending a buy on dips for the scrip since some time.  

I would suggest profit booking (if any) and wait on the sidelines, for the arrival of the monsoon, in the entire country. 

A Big Boom is likely in Algorithm Trading

Market in the next 5 years

Photo: Business Standard 

As the demand for new innovative solutions increases and more startups arise in the space,  a spurt in demand for the Algorithm Trading Software is expected during the period 2019 to 2024. 

Types:

• Forex Algorithm Trading
• Stock Algorithm Trading
• Fund Algorithm Trading
• Bond Algorithm Trading
• Cryptographic Algorithm Trading

The global algorithmic trading market is expected to register a CAGR of 11% in the forecast period (2019 - 2024).

Some of the Key Players:

• Thomson Reuters 
• 63 Moons Technologies 
• Tata Consultancy Service
• Symphony Fintech
• Argo SE
• Kuberre Systems
• Virtu Financial

Highlights:

#The major growth drivers are:

• Rising demand for fast, reliable, and effective order execution, with a view to reduce transactional costs. Institutional investors and big brokerage houses have been using algorithmic trading to cut down on costs associated with bulk trading.
• Further, increasing government regulations and growing demand for market surveillance is helping the market growth. Traders keep track of their trading activities and investment portfolios by using market surveillance technology. 
• Moreover, the emergence of AI in the financial service sector is expected to be a major factor aiding in the growth of the algorithmic trading market.
• Also, algorithmic trading creates a highly liquid market due to rapid buy and sell orders without any human intervention. But, on the flip side this method can also lead to an instant loss of liquidity, which can restrain market growth. For instance, algorithmic trading was a significant factor in causing a loss of liquidity in currency markets after the Swiss franc discontinued its Euro peg in 2015.

#The cloud-based algorithmic trading platforms are expected to gain the maximum market traction during 2019 -24 period because cloud-based trading solutions help traders to gain maximum profits and effectively automate the trading process, apart from other benefits  like easy trade data maintenance, cost-effectiveness, scalability, and effective management.

• Cloud computing is a model which makes use of networks of remote servers usually accessed over the internet, to store, manage, and process data. 
• Cloud technology often helps in cost savings or improves business agility and responsiveness. 
• Cloud-based trading removes all the complexities to provide an extraordinarily powerful environment which allows the traders to focus more on developing trading strategies that work. 
• Due to the convenience of the cloud, traders can use the cloud service to check new trading strategies, backtest and run-time series analysis along with executing trades. 
• It also helps the traders to access real-time data and access the data anywhere at any time. 
• According to LogicMonitor's survey, 41% of enterprise workloads will be run on public cloud platforms like Amazon AWS, Google Cloud Platform, IBM Cloud, Microsoft Azure, and others, by 2020.
• On-premise workloads are also predicted to shrink from 37% as of today to 27% of all workloads by 2020.
• Financial Services has the highest percentage of server images deployed in private or public clouds, approaching nearly 100% Vs a median adoption rate of 19%.

Conclusion: 

Mumbai-based 63 Moons Technologies Ltd (Rs.101.85) is a small-cap IT company that is engaged in providing computer programming, consultancy related services. 

The company has filed a damage suits of Rs.10,000 crore against P Chidambaram and others, in their individual capacities for taking mala fide actions by abusing their powers.

Meanwhile,  Jignesh Shah who also help set up the flagship Multi-Commodity Exchange (MCX), said in September this year that the recovery group at NSEL has managed to establish full money trail of the entire amount of ₹5,600 crore, assets worth over ₹8,000 crore of defaulters have been attached, ₹3,300 crore of decrees and arbitration awards have been obtained and the same for the balance amount was underway.

"If we get cooperation from the agencies and the government, in the next 3-4 months, we can obtain full decrees for all 17 defaulters for the entire amount of ₹5,600 crore, along with arbitration awards and injunctions.



The 52-year-old businessman, who went on to be known as 'India's Exchange Man' for successfully launching 14 exchanges across six continents, including MCX in 2003, has been fighting a prolonged legal battle on multiple fronts ever since NSEL (National Spot Exchange Ltd) crisis broke out in 2013.

After setting up 14 exchanges across six continents in a span of ten years, engineer-turned-financial market wizard engineer-turned-financial market wizard Jignesh Shah now sees 100-times bigger business potential in a 'startup ecosystem' which he feels can create up to 10 crore jobs over the next decade.

Jignesh Shah is now the Chairman Emeritus of 63 Moons Technologies, the rechristened and re-booted version of the Financial Technologies India Ltd (FTIL), the erstwhile parent holding firm for all the exchanges founded by him.

One of the latest victories for him came late August,  2019, when the Bombay High Court ruled that the NSEL was not a financial establishment and quashed the attachment of assets, including bank accounts and properties, of 63 Moons Technologies, the parent company of Shah-led group which was earlier known as Financial Technologies (FT).

The Supreme Court has also set aside a government order to merge NSEL with 63 Moons, while the NCLT last year had dismissed a plea of the Corporate Affairs Ministry to supersede the 63 Moons' board.

Moreover, the Asia-Pacific region will occupy for more market share in following years in algorithm trading space, especially in China, also fast growing India and Southeast Asia regions.

Hence,  looking at the huge opportunities in future one can invest in the shares of 63 Moons Technologies Ltd at around Rs.102/103 for short term targets of Rs.121/127/131. SL: Rs.96. The stock 63 Moons Technologies  Ltd,  the erstwhile Financial Technologies fell from around Rs.3000 to the CMP of Rs.101.85. This is a turnaround story and hence is expected to give significant return to the investors.

Bibliography: Inputs from web searches...

Gold on Positive Footing

There are some recent news which hints at Gold price remaining buoyant in the short term. Let us check them one by one:

#Gold prices gained Rs.286 to Rs.38,265 per 10 gram in Mumbai bullion market yesterday,  on weaker rupee and following comments by the US President Donald Trump that a trade deal with China may happen only after 2020 US presidential election.

#The ensuring marriage season in India will keep the demand for the yellow metal on the upswing.

#India's gold Imports in November, 2019

Photo: FX Empire 

jumped 78% from a month earlier to the highest level in 5 months as jewellers in the world's second-biggest consumer of the metal restocked after a fall in prices, a government source said on Tuesday.

#The Commerce Minister,  Piyush Goel's assurance that he would work to lower import duty on gold from 12.50% is another ammunition in the hands of the bulls.

Meanwhile,  gold prices in Indian markets fell marginally today, giving some indication of its current buoyant mood; after a sharp rise in the previous session, tracking a similar move in global rates. 
On MCX, February gold futures prices were down marginally by 0.01% to ₹38,323 per 10 gram. Gold prices on MCX had surged nearly 1% in the previous session. Silver prices however edged higher.
On MCX, silver futures prices were up 0.17% to ₹45,372 per kg. In global markets, gold prices were today near one-month highs hit in the previous session.

Many of my blog readers have send me mails and whatsapp inputs,  asking me, whether they can enter TBZ Ltd (Rs.37.70) and P C Jeweller Ltd (Rs.27.30) or not at their CMPs.

Yes,  you can do that as I feel both the scrips sell Hallmarked Jewellery (a pre-requisite from 2021) and should give decent returns in the short term,  since this is the month of December (when small and mid cap scrips generally pick up seam)  the retail sector has started to gather momentum due to a push in domestic consumption. 

Winning Strokes: Think Different

Bhusan Steel Ltd recommended around Rs.22.65, hit another buyer freeze at around Rs.35.15 in both the exchanges. This stock has given wonderful return to the short term investors. Join the Premium Services, to get such recommendations in your mail box. One or two such recommendations would cover up all your losses (if any) or will further Spruce up your Portfolio. 

What to do with the shares of 3i Infotech Ltd (Rs.5), as regards its March, '18 quarter results. Why is the stock price falling even though it's net profit for the March, 2018 quarter was excellent? Where is the lacuna? To know Join the Premium Services. 

Gitanjali Gems Ltd (Rs.6.19) hit another buyer freeze in the BSE. The stock was recommended around Rs.4.65, to the Premium Members. Where is the stock heading?

Why is the stock price of MBL Infrastructure Ltd (Rs.18.55) is not going anywhere, during the last few weeks? What is the fundamental take on the scrip, based on its current fundamentals?

Monnet Ispat Ltd was recommended yesterday. The stock today, hit the buyer freeze at Rs.18.15. The share of Monnet Ispat & Energy Ltd, opened at Rs.18.10, went down to Rs.18, before it hit the buyer freeze. This gave ample time for the Premium Members to accumulate. This was among the 4 (four) stocks I recommended yesterday. What are the other 3 (three) stocks?

The stock of Multi Commodity Exchange of India Ltd (MCX Ltd) today hit my 2nd target of Rs.840 (Intraday high: Rs.844.60 in the NSE), before closing at Rs.817.80. This scrip has given decent returns to the patient investors. 

The stock of TV Vision Ltd hit another buyer freeze today at around Rs.9.25 in the BSE, after some inputs were sent to the Premium Members yesterday. What is the latest on the share? What are the charts saying?

Those who are associated with me since a long time or were once a member of the Premium Services, will be given a discount of around 35-45% on the Current Subscription Charges, depending upon their Portfolio Size and Time of  their association with me. I have decided to give this offer to those, who were a part of my team at any point during the last two decades. It means it will depend on how long you were a part of my group and how big/small is your Portfolio.. Therefore, if you were a former Premium Member, then rush me a mail at: suman2005s@rediffmail.com or sumanm2007s@gmail.com, to avail of this FESTIVE OFFER. 

Also, if you are a small investor, you would get some discount on the current price tag of the Premium Subscription. You can also get the same offer Free, if you trade through my recommended brokerage house, with a minimum portfolio size of around Rs.2 lakhs. So, you  have lot of choices for you at the at the Present Moment to bolster your stock market participation.

The point is that One or Two good scrip will cover your losses and you would also get updates on my Previous Recommendations.  In stock market opportunity, does not knock at the door always and hence, when it comes, it should be used to the hilt.

Market Pulse

Firmness prevailed in early afternoon trade as key barometers continued marching upwards. At 12:22 IST, the barometer index, the S&P BSE Sensex, was up 192.81 points or 0.57% at 34,293.94. The Nifty 50 index was up 57.25 points or 0.55% at 10,515.90. Nifty was trading above the 10,500 mark.

The broad market depicted strength as 1,487 shares rose and 925 shares fell on BSE. Among secondary barometers, the BSE Mid-Cap index was up 0.82%. The BSE Small-Cap index was up 0.72%. Both these indices outperformed the Sensex.

The key indices opened higher and firmed up further as the session progressed. The Sensex rose 199.43 points, or 0.58% at the day's high of 34,300.56 in early afternoon trade, its highest intraday level since 28 February 2018. The index rose 53.81 points, or 0.16% at the day's low of 34,154.94 in early trade. The Nifty rose 57.90 points, or 0.55% at the day's high of 10,516.55 in early afternoon trade, its highest intraday level since 1 March 2018. The index rose 17.15 points, or 0.16% at the day's low of 10,475.80 in early trade.

Adani Ports and Special Economic Zone (up 3.21%), Kotak Mahindra Bank (up 1.8%) and Dr Reddy's Laboratories (up 1.6%), were the top gainers in the Sensex pack.

Hindustan Unilever (down 0.48%), Larsen & Toubro (down 0.41%) and State Bank of India (down 0.06%), were the major losers in the Sensex pack.

Realty shares were trading higher. Indiabulls Real Estate (up 2.41%), Prestige Estates Projects (up 1.45%), Peninsula Land (up 1.30%), Oberoi Realty (up 1.20%), Housing Development and Infrastructure (HDIL) (up 1.10%), Parsvnath Developers (up 1.08%), DLF (up 0.96%), D B Realty (up 0.70%), Sobha (up 0.50%), Godrej Properties (up 0.47%), Omaxe (up 0.31%) and Phoenix Mills (up 0.23%), edged higher. Mahindra Lifespace Developers (down 0.23%), Sunteck Realty (down 0.37%) and Unitech (down 0.62%), edged lower.

FMCG shares were mixed. GlaxoSmithKline Consumer Healthcare (down 1.78%), Marico (down 1.5%), Dabur India (down 0.77%), Godrej Consumer Products (down 0.23%) and Colgate Palmolive (India) (down 0.03%), edged lower. Tata Global Beverages (up 0.07%), Procter & Gamble Hygiene & Health Care (up 0.29%), Jyothy Laboratories (up 0.34%), Britannia Industries (up 0.4%), Bajaj Corp (up 1.12%) and Nestle India (up 1.2%), edged higher.

Index heavyweight and cigarette major ITC was up 0.11% at Rs 262.30.

On macro front, the all-India general consumer price index (CPI) inflation eased marginally to five-month low of 4.28% in March 2018, compared with 4.44% in February 2018.

India's industrial production continued to record a healthy growth for the fourth straight month at 7.1% in February 2018 over February 2017. The manufacturing sector's production surged 8.7% in February 2018, contributing to the overall growth in industrial production. However, the growth of electricity generation output moderated to 4.5%, while the mining output declined 0.3% in February 2018.

Overseas, Asian stock markets gave up some of their early gains Friday after China reported a surprise trade deficit for March.

China's Shanghai Composite was down 0.59%. China's trade balance swung to a deficit of $4.98 billion in March from a $33.7 billion surplus in the previous month. Exports declined 2.7% in March from a year earlier, following a 44.5% surge in February. Imports in March expanded 14.4% from a year earlier, compared with a 6.8% increase in February.

US stocks closed sharply higher on Thursday, as geopolitical concerns appeared to fade after President Donald Trump tweeted that a military strike on Syria may not be imminent. Escalating tensions over the Middle Eastern country were seen as a major contributor to weakness in Wednesday's session.

Today's Calls:

#Exit out of the shares of MCX Ltd at around Rs.766 and enter 63 Moon Technologies Ltd at around Rs.97.

#I have recommended a small cap Tech stock which has a turnaround story to the Paid Members. Those who wish to know the name,, should join my service at the earliest. 

~~wtth inputs from Capital Market - Live News

Winning Strokes

Photos: Colossos

The Indian bourses got support at around near 9981, as mentioned to the Premium Members during the market hours yesterday. The pullback rally made the Nifty gain by 132.60 points or 1.33%. The Nifty is likely to get some resistance near 200-DMA, but the short term trend remains bullish.  

The stock of Reliance Infrastructure Ltd which was recommended around Rs.422 yesterday, moved to Rs.429.15 in the NSE before closing at Rs.424.80. Today, if the market remains buoyant, then we could see Rs.433-437 - 441-447 levels. 

The scrip of MCX Ltd (Rs.688.75) moved to Rs.698, after it was recommended around Rs.681, to the Premium Members. The company is likely to launch two more products in April 2018. In an interview to CNBC-TV18, Mrugank M Paranjape, MD & CEO of Multi Commodity Exchange of India (MCX) said that  the exchange is witnessing positive increase in volume in the 45-50 days of Q4. In January, this year SBI Mutual Fund bought 8,19,048 shares of Multi Commodity Exchange of India at Rs.840.50. We can look for targets of Rs.797-820 in the coming days.. 

The share of 3i Infotech Ltd yesterday moved to Rs.5.25 in the  NSE before closing at Rs.5.05. With the IT industry undergoing rapid changes in recent years, whether it is on, the software side or new business models, software companies are forced to adopt or make crucial changes to their overall strategies in order to stay relevant in the changing times. And that’s what the Mumbai based software product company 3i Infotech has done in recent years by planning and executing a three-stage business strategy of ‘protect-consolidate-grow.’ To a large extent, this strategy has been successful in helping 3i Infotech to revive and revamp its overall business, software product portfolio, customers, revenue, and growth. You can start averaging and we can look for targets of Rs.5.70-6.90-7.85 in the coming days.

Today, during the market hours I will recommend a short term momentum counter to the Paid Group members. Join the Premium Group or trade through my associated brokerage house with a minimum portfolio size of Rs.3 lakhs to get the name of the scrip; which is likely to cover your subscription charge. 

Also, note that I have decided to give Special discounts on the subscription charge, to the SMALL INVESTORS, till 15th April, 2018. So hurry up!! The market has become so competitive these days, that it is getting increasingly difficult to make money on a consistent basis even for the experts. 

Market Pulse

Key benchmark indices hovered with small losses in morning trade after a volatile start. At 10:18 IST, the barometer index, the S&P BSE Sensex, fell 30.97 points or 0.1% at 32,565.57. The Nifty 50 index dropped 23.85 points or 0.24% at 9,974.20. Market sentiment remained subdued amid fears of global trade war.

The S&P BSE Mid-Cap index fell 0.22%. The S&P BSE Small-Cap index dropped 0.27%. Both these indices underperformed the Sensex.

Overseas, Asian stocks edged lower amid fears that rising tensions between the United States and China could lead to a full-blown trade war. US stocks fell sharply on Friday, 23 March 2018 as investors assessed the possibility of a trade war brewing between the US and China.

Meanwhile, reports suggested that China and the US have quietly started negotiating to improve US access to Chinese markets, after a week filled with harsh words from both sides over Washington's threat to use tariffs to address trade imbalances.

Closer home, the breadth, indicating the overall health of the market, turned negative from positive. On the BSE, 1,298 shares declined and 809 shares advanced. A total of 118 shares were unchanged.

Telecom stocks were mixed. Reliance Communications (up 0.88%) and Idea Cellular (up 0.32%) advanced. Bharti Airtel (down 0.45%) and Mahanagar Telephone Nigam (down 0.26%) edged lower.

Cement stocks also witnessed a mixed trend. Shree Cement (up 0.91%), Ambuja Cements (up 0.51%) and ACC (up 0.17%) edged higher. Grasim Industries (down 2.13%) and UltraTech Cement (down 0.54%) edged lower.

Dr Reddy's Laboratories (DRL) was down 0.7%. The company announced that it has launched Palonosetron Hydrochloride Injection, 0.25 mg (base)/5 ml, a therapeutic equivalent generic version of Aloxi Injection approved by the US Food and Drug Administration (USFDA). The announcement was made during market hours today, 26 March 2018.

NHPC was down 0.19%. The company announced that it has fully commissioned a 50 megawatts solar power project in Theni/Dindigul District of Tamil Nadu on 23 March 2018. The announcement was made after market hours on Friday, 23 March 2018.

Lumax Auto Technologies gained 1.26% after the company's board of directors considered and approved a 5-for-1 stock-split of equity shares. The announcement was made after market hours on Friday, 23 March 2018.

Today's Calls:
#The risk taking traders can buy the shares of Reliance Infrastructure Ltd at around Rs.422, T: Rs.441, SL: Rs.415. The company has an order book of more than Rs.5000 crore and its share has a good value. It is strange why the stock is trading at such dismal levels. Also, after the completion of the deal of the sell of its power division, the company is likely to become debt free.

#Buy the shares of MCX Ltd at around Rs.681, T: Rs.797, SL: Rs.667. The other targets are Rs.939 and Rs.1129.

#Buy the shares of P C Jewelers Ltd at around Rs.321-322, T: Rs.341, SL: Rs.315. The ongoing marriage season is likely to boost up the share price of the P C Jewellers Ltd, apart from lowering of competition due to the demise of one of the most reputed brands like Gitanjali Gems Ltd. 

~~With inputs from Capital Market - Live News....

Market Pulse

16-Mar-18: Fresh selling in index pivotals pulled the key benchmark indices to intraday low in early afternoon trade.

At 12:30 IST, the barometer index, the S&P BSE Sensex, was down 276.96 points or 0.82% at 33,408.58. The Nifty 50 index was down 87.50 points or 0.84% at 10,272.65. Index heavyweights Reliance Industries (RIL), HDFC and ITC dropped. Metal and mining stocks declined.

Trading for the day began on a dull note as the key benchmark indices edged lower in early trade on negative Asian stocks. Stocks extended fall in morning trade. Key benchmark indices hovered near day's low in mid-morning trade.

The S&P BSE Mid-Cap index was down 0.27%. The S&P BSE Small-Cap index was down 0.13%. Both these indices outperformed the Sensex.

The market breadth, indicating the overall health of the market, turned negative from positive in early afternoon trade. On the BSE, 1,398 shares declined and 1,053 shares rose. A total of 142 shares were unchanged. Breadth was strong in early trade.

Tata Motors (down 2.56%), ONGC (down 2.18%) and Reliance Industries (down 1.49%) edged lower from the Sensex pack.

L&T fell 0.39%. The Railways Strategic Business Unit of L&T Construction's Transportation Infrastructure Business has signed a contract worth Rs 2864 crore with the Dedicated Freight Corridor Corporation of India (DFCCIL). The scope of work includes construction of single railway track including yards, 75 major & 588 minor bridges, 1 rail over bridge modification, 4 rail flyovers, 21 stations along with construction of all associated works. The announcement was made during market hours today, 16 March 2018.

Drug major Dr Reddy's Laboratories (DRL) fell 0.06%. DRL during market hours today, 16 March 2018 said that the company has launched levocetirizine dihydrochloride tablets USP, 5 mg, an over-the-counter therapeutic equivalent generic version of Xyzal allergy 24HR tablets, in the US market as approved by the US Food and Drug Administration (USFDA).

Levocetirizine dihydrochloride tablets are used for 24-hour relief of allergy symptoms such as watery eyes, runny nose, itching eyes/nose and sneezing. According to IRI sales data, Xyzal allergy tablets had sales of about $71 million in the US market for the 12-month period ended January 2018.

Metal and mining stocks declined. Vedanta (down 1.01%), JSW Steel (down 1.34%), Tata Steel (down 2.33%), Steel Authority of India (Sail) (down 1.86%), National Aluminium Company (down 1.52%), Hindustan Zinc (down 0.69%), Jindal Steel & Power (down 1.8%), Hindalco Industries (down 0.69%), NMDC (down 0.2%) and Hindustan Copper (down 2.02%) edged lower.

Copper edged higher in the global commodities market. High Grade Copper for May 2018 delivery was currently up 0.42% at $3.1405 per pound on the COMEX.

Neuland Laboratories rose 4.34% to Rs 732.50 after a domestic brokerage initiated coverage on the stock with a 'buy' rating and target price of Rs 1,065. The brokerage said in a report that Neuland Laboratories is likely to report a strong recovery in the next fiscal. It expects 19% compounded growth rate in revenue and 800 basis point margin expansion and seven times earnings over the fiscal 2018-2020, it added.

Indian Hotels Company was down 1.05% to Rs 131.60 after the company's promoters exchanged shares via bulk deals yesterday, 15 March 2018. Indian Hotels Company (IHCL) witnessed promoter holding rejig through open market transactions on 15 March 2018 on the BSE at an average price of Rs 130.40 per share. Sir Ratan Tata Trust sold 1.10 crore shares. Sir Dorabji Tata Trust offloaded 5.02 crore shares. Lady Tata Memorial Trust disposed of 1.77 crore shares. Tata Sons purchased 7.89 crore shares. Sir Ratan Tata Trust held 0.93%, Sir Dorabji Tata Trust 4.22%, Lady Tata Memorial Trust 1.49% and Tata Sons controlled 29.79% stake end December 2017.

Meanwhile, India's trade deficit for February 2018 was estimated at $11,979.21 million, 25.8% higher than the $9,521.73-million deficit reported during February 2017, government data released after market hours yesterday, 15 March 2018 showed. Exports during February 2018 stood at $25,834.36 million compared to $24,726.71 million during February 2017. Imports during February 2018 were pegged at $37,813.57 million, compared to $34,248.44 million in February 2017.

On the political front, Andhra Pradesh's Telugu Desam Party (TDP) reportedly pulled out of its alliance with the BJP-led NDA at the Centre. The N Chandrababu Naidu-led TDP, as well as other local parties, expressed their discontent over Narendra Modi led Union govt not giving special status to Andhra Pradesh.

Overseas, most Asian stocks fell as weak volumes in the US session overnight gave little impetus for traders ahead of next week's Federal Reserve meeting. US stocks ended mixed yesterday, 15 March 2018 as industrial and tech gains were offset by losses in the consumer and energy sector.

Today's Calls:

#The stock of 63 Moons Technologies Ltd recommended around Rs.85 and Rs.94, today made an intraday high of Rs.114.5. Book some profits and wait for dips to enter. Keep a SL at Rs.103.

#Central Bank Ltd which was recommended around Rs.67 and Rs.75, has hit Rs.87, intraday. You can book some profits and hold the rest with a SL at Rs.82.

#PAIR TRADE: Buy BANK_NIFTY FUTURES at around 24770 and Simultaneously SELL NIFTY FUTURE at around 10331; ENTRY SPREAD: 2.3955; SL SPREAD: 2.38; Target SPREAD: 2.4012; Duration: 1-2 days.

#Yesterday a Buy was given to the Premium Members in the counter of Lanco Infratech Ltd at around Rs.1.15 for short term targets of Rs.1.45 and Rs.1.82. The stock hit the upper circuits today and is now trading at this level. The company is expected to turnaround in FY19. The scrip of Lanco Infratech Ltd is likely to hit the Buyer Freeze today. 

#Intraday SELL IOC Ltd at around Rs.189, SL: Rs.191.25, T: Rs.185.5-183. Book FULL PROFIT at around Rs.184.80.

#Intraday short GOLD at around Rs.30245, SL above Rs. 30310, T: Rs.30140. A lower CPI does not augur well  for Gold Bulls.

#The stock of MCX Ltd recommended at around Rs.780, made a high of Rs.831.95, intraday. Those who have still not booked profit, kindly do the same and wait for dips to re-enter.

#The stock of RattanIndia Power Ltd (erstwhile Indiabulls Power) today made an intraday high of Rs.6.10. Those who are holding the same can accumulate on market dips, keeping a SL at Rs.5.60.

#Today, I will be recommending another small cap company from the Real Estate space to the Premium Group members. If you can online transfer the subscription amount, then I will instantly give you the name of the scrip; which I feel will cover up the subscription cost. 

~~ with inputs from Capital Market - Live News....

Winning Strokes

Yesterday, among secondary indices, the S&P BSE Mid-Cap index rose 0.49%. The S&P BSE Small-Cap index advanced 0.8%. Both these indices outperformed the Sensex. The breadth, indicating the overall health of the market, was strong.

On the BSE, 1,640 shares advanced and 1,045 shares declined. A total of 162 shares were unchanged. The total turnover on BSE amounted to Rs.5279.72 crore, higher than the turnover of Rs.3388.04 crore registered during the previous trading session.

Meanwhile, the Indian economy is set to revert to its trend growth rate of 7.5% in the coming years as it bottoms out from the impact of the Goods and Services Tax (GST) and demonetization, a World Bank report released on 14 March 2018 showed. India's GDP growth is projected to reach 6.7% in 2017-18 and accelerate to 7.3% and 7.5% in 2018-19 and 2019-20 respectively.

While services will continue to remain the main driver of economic growth; industrial activity is poised to grow, with manufacturing expected to accelerate following the implementation of the GST, and agriculture will likely grow at its long-term average growth rate, the report said.

In economic data, the producer-price index showed wholesale inflation rose 0.2% in February, down from the 0.4% advance in January. US retail sales fell 0.1% in February, the third straight monthly decline. However, sales grew 0.3% if autos and gas are stripped out.

#The stock of MCX Ltd recommended a couple of weeks back in this blog at around Rs.780, today
made an intraday high of Rs.834.50 before closing at around Rs.825.10. What are the next targets for the scrip?

#As expected the shares of Videocon Industries Ltd hit the buyer freeze at around Rs.16.15. Stay invested for some big gains going forward. 

#The stock of TV Vision Ltd is consolidating around the current price of Rs.17-17.5, though today it made an intraday high of Rs.17.75. You should accumulate on every decline. The company is running 5-TV channels and the share price is available at the price of dirt. 

#Those who are holding the shares of Sri Adhikari Brothers Network Ltd, should continue to hold as the stock is likely to hit some more buyer freezes going forward. Today it hit the upper circuit at Rs.20.20 in the NSE.

#Those who have entered the shares of RattanIndia Power Ltd (erstwhile Indiabulls Power Ltd), should accumulate on declines. Today the scrip touched Rs.5.95, intraday and  closed at Rs.5.85.

#According to Nigel D'Souza, Rakesh Jhunjhunwala's RARE ENTERPRISES bought 3 Cr shares of J. P. Associates Ltd yesterday at Rs.18.37. The Stock closed at Rs.19.20 yesterday up 17.43%. The scrip could touch Rs.22 in the short term.

#Both the small cap scrips which were recommended to the Premium WhatsApp Group members, hit their respective buyer freezes yesterday. Today, also it is expected to hit the buyer freeze. Join the Premium Service or trade through my associated brokerage house to get the names of such multi-bagger scrips. "Kuch Pane Ke Liye, Kuch Khona Bhi Padta Hai" (To get something, sometimes you have to lose something).

~~with inputs from Capital Market - Live News.....

Market Pulse

The stock market further trimmed gains in the mid-morning trade with the two key benchmark indices hitting intraday lows.

At 12.28 IST, the barometer index, the S&P BSE Sensex was trading at 33,847.59 up 100.81 point or 0.30%, while Nifty was seen at 10,399.15  up 40.30 points or 0.39%. 

Key indices opened the session on a stronger footing on firm global cues. Later, indices trimmed gains so far. Global stocks gained as worries about a potential trade war waned in the aftermath of US President Donald Trump's tariff announcement on steel and aluminum.

Among secondary indices, the S&P BSE Mid-Cap index advanced 0.59%, outperforming the Sensex. The S&P BSE Small-Cap index rose 0.28%, underperforming the Sensex.

The breadth, indicating the overall health of the market, was positive. On the BSE, 1,375 shares advanced and 932 shares declined. A total of 137 shares were unchanged.

Stocks of public sector banks edged lower. Bank of India (down 1.94%), Union Bank of India (down 1.19%), State Bank of India (down 0.57%) and Punjab National Bank (down 0.1%) declined. IDBI Bank (up 2.55%) and Corporation Bank (up 0.63%) gained.

Bank of Baroda was up 0.14%. The bank has kept its Marginal Cost of Funds based Lending Rate (MCLR) unchanged, applicable from 7 March 2018. MCLR for overnight loans will be 7.80%, for one month will be 7.85% and for three months will be 7.95%. The MCLR on 6-month loans will be 8.15% and for one-year loans the rate would be 8.30%, the bank said. The announcement was made after market hours yesterday, 5 March 2018.

Stocks of private sector banks advanced. IndusInd Bank (up 2.01%), Yes Bank (up 1.13%), Axis Bank (up 0.56%) and Kotak Mahindra Bank (up 0.35%) gained. HDFC Bank (down 0.2%) and ICICI Bank (down 0.03%) declined.

The Reserve Bank of India (RBI) stated on 5 March 2018 that it will inject additional liquidity of Rs 1 lakh crore in banks through longer tenor instruments to enable flexibility towards meeting their fund needs. This measure is to address additional demand for liquidity and with a view to provide flexibility to the banking system in its liquidity management towards March-end, the central bank said. This will be in addition to normal liquidity adjustment facility operations.

Realty stocks gained. Oboroi Realty (up 1.78%), D B Realty (up 0.99%), DLF (up 0.81%), HDIL (up 0.53%), Godrej Properties (up 0.49%) and Indiabulls Real Estate (up 0.39%) edged higher. Prestige Estates Projects (down 2.5%), Sobha (down 0.08%) and Unitech (down 0.14%) declined.

Jain Irrigation Systems rose 2.2% at Rs 113.95 after the company said it won an integrated drip irrigation project worth Rs 287.66 crore. The announcement was made during trading hours today, 6 March 2018.

Overseas, Asian stocks rallied, tracking gains in the US and Europe in the last session as concerns over a potential trade war faded.

US stocks rose yesterday, 5 March 2018, erasing earlier losses, as worries about a potential trade war waned. US President Donald Trump announced tariffs on steel and aluminum that sparked fears of a trade war.

Today's Calls:

#Yesterday,  the following news was sent to the Premium Members that the stock of Reliance Infrastructure Ltd had not broken the support of Rs.427. You can add the scrip for a short term target of Rs.470..Today, the stock of Reliance Infrastructure Ltd has made an intraday high of Rs.645.30 in the NSE and is now trading at around Rs.544. 

#HDIL (Rs.46.7), has bounced from its support of  around Rs.46, however it has broken a two year old support at Rs.47. So, the best price to average would probably above Rs.47. Or only if it gives a closing above Rs.47. Moreover, the derivative contracts (FUTURE & OPTION..BOTH) "FORTIS, HDIL, IDBI & ORIENTBANK" have crossed 95% of the market-wide position limit and are currently in the ban period. 

#Intraday  Sell NIFTY FUTURE at around 10435, SL: 10455, T: 10390. Target achieved at 10390 ==> Book Complete Profit. Call Closed!!

#The stock of MCX Ltd (Rs.781) has given a break out. Keep holding with a SL of Rs.777. This is for those who bought  yesterday at around Rs.770.

#Profit Booking was suggested in the share of P C Jewelers Ltd at around  Rs.348.  Wait for the dips to enter.

#TV Vision Ltd (Rs.16) bounced from its support. You can accumulate keeping Rs.15.7 as  the Ultimate Stop  Loss.

#Sell TATA MOTORS FUTURES at around Rs.355; SL  above Rs.359; T: Rs. 349. BOOK PROFIT at around Rs.352.4. Call Closed!!

#Intraday BUY BPCL at around Rs.443, SL: Rs.439.75,  T:Rs.449. Book PARTIAL PROFIT at around Rs.445.50

Join the Premium Service or Trade through my recommended BROKERAGE HOUSE with a minimum portfolio size of Rs.3 lakhs (to get Premium Service Free of charge) to stay ahead of others. 

~~With inputs from Capital Market - Live News

Winning Strokes

Photo: Seeking Alpha

Today the Nifty as expected got support around 10400 range and closed at 10,492.85 down 61.45 points or 0.58%. The U.S. stocks gained Wednesday afternoon as Wall Street attempted to shake off a selloff in the previous session amid data that were seen as underlining strength in the economy, which is a good sign as the US is one the most powerful engines of world growth. I feel it is pertinent to mention here that the US interest rates will rise if and only if there is sudden uptick of the inflation, otherwise CY18 will be as usual with around 2-3 rate hikes by the US Federal Reserves. Therefore, all those talks that the US Federal Reserve may turn more hawkish and increase corporate borrowing costs to much higher level will not carry any value if the inflation remains steady.

Meanwhile, the Indian economy grew at 7.2% in October-December 2017, and is likely to expand by 6.6% in 2017-18, latest official estimates said on Wednesday, amid strong revival signs in consumption spending and investment activity. This is the best growth rate recorded in this year and much better than the Reuters poll of 6.9%. This has helped India regain the status of the world's fastest-growing major economy, replacing China. The Indian Economy is poised to move in a faster lane in the days ahead, recovering from the effects of demonetization and GST. The manufacturing sector grew 8.1% in the third quarter of 2017-18, from 6.9% in the previous quarter, and 8.1% in the same quarter of the previous year. The sector is projected to expand at 5.1% during the full year, inching towards last year’s 7.9% growth, indicating that factories and firms have moved on from the irritants caused by GST. We will definitely see positive movement in the markets tomorrow, especially in the auto sector due to such encouraging data.

#Those who are holding the shares of Tata Motors Ltd (Rs.370.20) should continue to add the scrip on every decline, because the transportation sector best mirrors the growth of any economy; as mentioned in my earlier write up. In Q3FY18, though it came out with disappointing set of Jaguar Land Rover earnings, it's standalone performance was strong. Analysts retained their ratings but slashed earnings estimates. It is to be noted that 85% of Tata Motors' revenues comes from its Jaguar Land Rover (JLR) unit. Tata Motors' passenger and commercial vehicle business performance was strong for the December '18 quarter, as standalone profit stood at Rs.183.7 crore in Q3 against loss of Rs.1,045.9 crore in same period last year.

#Today, a Buy was initiated in MCX Ltd at around Rs.780, SL: Rs.762,  T: Rs.820 on T+4 basis. Mrugank M Paranjape, MD & CEO of Multi Commodity Exchange of India (MCX) said that the bourse has started to witness positive increase in volume in the 45-50 days of Q4. He further said that volumes up 16% so far and Q4 average volume is close to pre-demonetisation levels.

“We used to clock about Rs 9,800 crore on bullion per demonetisation and that number throughout 2017 was roughly in the range of Rs 5,000 crore and that number has picked up by about Rs 1,000 crore in last 45 days. However, we have a good mix where we have energy, we have base metals and these two segments have done very well for us,” he said. Talking about products, he said we are hoping to get two more approvals from Sebi before end of FY18. We will look to launch two more products in April 2018, he added.

#Those who are holding the shares of Aban Offshore Ltd (Rs.171.05) can look for targets of Rs.191/206/218/230/247 in the coming days, as the strength of the US economy is likely to push up the crude oil prices above $65 per barrel within a short term.

Market Pulse

Buying continued unabated as key benchmark indices extended intraday gains and hit fresh intraday high in early afternoon trade. At 12:23 IST, the barometer index, the S&P BSE Sensex, was up 295.06 points or 0.82% at 36,093.07. The Nifty 50 index was up 103.20 points or 0.94% at 11,069.40.

Shares opened higher as positive leads from Asian markets and overnight gains on the Wall Street boosted investors sentiment. Both, the Sensex and the Nifty hit record high level in early afternoon trade. The Sensex crossed the 36,000 mark and the Nifty crossed the 11,000 mark.

The Sensex rose 309.06 points, or 0.86% at the day's high of 36,107.07 in early afternoon trade, its record high level. The index rose 65.97 points, or 0.18% at the day's low of 35,863.98. The Nifty rose 107 points, or 0.98% at the day's high of 11,073.20 in early afternoon trade, its record high level. The index rose 28.35 points, or 0.26% at the day's low of 10,994.55.

Among secondary barometers, the BSE Mid-Cap index was up 1.24%, outperforming the Sensex. The BSE Small-Cap index was up 0.63%, underperforming the Sensex. Both these indices outperformed the Sensex.

The market breadth, indicating the overall health of the market, was positive. On BSE, 1,556 shares rose and 1,177 shares fell. A total of 119 shares were unchanged. Breadth was quite strong in early trade.

Cement shares declined. Ambuja Cements (down 1.79%), ACC (down 1.25%) and UltraTech Cement (down 0.19%), edged lower.

Grasim Industries was down 0.82%. Grasim has exposure to cement sector through its holding in UltraTech Cement.

Telecom shares rose. Reliance Communications (up 5.57%), MTNL (up 2.11%), Idea Cellular (up 1.76%), Bharti Airtel (up 1.07%) and Tata Teleservices (Maharashtra) (up 0.14%), edged higher.

Telecom tower infrastructure provider Bharti Infratel was down 0.66%.

Rallis India fell 5.22% after consolidated net profit fell 1.6% to Rs 24.94 crore on 18.6% growth in net sales to Rs 390.16 crore in Q3 December 2017 over Q3 December 2016. The result was announced after market hours yesterday, 22 January 2018.

V Shankar, Managing Director and CEO, Rallis India said that the company's broad based portfolio of solutions and robust farmer relationship have been instrumental in driving its revenue growth during the quarter. The company's performance in the international business continues to be better than last year due to improving situation in key markets such as Brazil and strong demand for herbicides.

Overseas, Asian shares were trading higher following the stronger lead from Wall Street after US lawmakers reached a deal to end a government shutdown.

Japan's central bank kept monetary settings unchanged on Tuesday and offered a more upbeat view on inflation expectations than three months ago. The Bank of Japan (BOJ) maintained a pledge to guide short-term interest rates at minus 0.1% and 10-year bond yields around zero percent at its two-day rate review that ended on Tuesday. It also kept intact a loose pledge to buy government bonds so its holdings increase roughly at an annual pace of 80 trillion yen ($722 billion). The nine-member board also kept its price forecasts that project inflation to hit 2% around the fiscal year ending in March 2020.

US stocks ended higher after the Senate reached a short-term compromise to end a government shutdown that began last week. The stopgap bill approved by the Senate on Monday will keep the US government open through 8 February 2018. The House of Representatives subsequently voted and passed the bill to reopen the government, sending it to President Donald Trump for a signature. The Dow Jones Industrial Average gained 0.6%. The S&P 500 rose 0.8%. The Nasdaq Composite Index rose 1%.

Today's Calls  (given to my various clients): 

#Positional Buy ABB Ltd in the range of Rs.1570-1590, for  a target of Rs.1730-1770, with a SL below Rs.1515. Book Partial PROFIT at around Rs.1641.

#Intraday Sell Tata Motor DVR around Rs.238.5, SL 241, TGT; Rs. 235-232.

#Sell DHFL at around Rs.623, T: Rs.604, SL: Rs.627. 

#Sell Aluminium at around Rs.142.50, SL above Rs.144, T: Rs.140 on  T+3 basis. Book Partial PROFIT and keep a trailing SL to cost price.

#Short Term buy Chambal Fertilizer at around Rs.157-158, SL below Rs.151; T:Rs.168- 172.

#Buy HDIL at around Rs.60.70, for short term targets of Rs.65-72. The budget is likely to bring some goodies for the Real Estate space. In the last budget, the Affordable Segment was a huge beneficiary, with it being granted Infrastructure status, along with other incentives, such as lower interest rate for loans up to Rs.12 lakh, area being increased and an increased time for construction. Land acquisition is one of the single highest cost contributors to a real estate project. Moreover, since margins in affordable housing are thin, it becomes increasingly difficult for affordable housing developers to buy land at prevailing cost of capital. The Government should make land available at a cheaper cost of capital to promote the affordable housing sector -- one of the expectations of the upcoming budget.

Over and above the high cost of land, GST and other taxes, the end consumer also pays about 5% - 6% Stamp Duty on its purchases in a state like Maharashtra. This varies across different states as a result of which, the consumer pays an additional 18% approximately only in taxes to the government (including GST and Stamp Duty). The government must look at reducing this cost and rationalising and uniforming stamp duty rates across the country. The taxes and stamp duty are a major hindrance to development today.

Now coming to the GST alone, despite input credit being passed on to the customer, with GST @ 12%, there is a marginal increase in the overall cost impact to the consumer. This needs to be revised downwards, to benefit the consumer, leading to a further push in sales volumes. These are some of the measures which is needed to kick start the growth of the now moribund real estate sector.

#The call of NDTV Ltd was given to various clients at around Rs.45-46, banking on the better prospects of the company in the next couple of years. However, I am looking for a short term target of Rs.51-57, for the stock.

#One thing, I would like to mention here is that: wealth will be created in the long term only, provided you follow some basic protocols of equity market, among them is the disciplined use of Stop Losses. I mean if you buy a share based on certain theory and keep on holding with daily or weekly reviews on the same, you will gain more than these daily tit-bits,which most of the stock market participants are interested. Therefore, I always suggest less of daily or short term trading but more of investment based play in the market. 
However, what I find is that most of my clients (and friends) barring say 20% from the group, are more interested in this short term game of buying and selling, which are very risky and in the process they lose wealth at the end of day instead of gaining. 
Yes, short term trading is also necessary and an earning of Rs.1200-1500 on daily basis on a seed capital of Rs.2 lakhs is not bad, however this should not eclipse your main objective of making good profit from your investments through delivery based medium to long term play only. Therefore:
1. Buy a stock based on a story - turnaround stories gives best returns.
2. Check the sector outlook on a regular basis.
3. Keep eye on the changing fundamentals of the sector and of the company (if any).
4. Review your investment decision on this stock, at the end of each day or week. 
5. Exit at the Stop Loss, if the SECTOR OUTLOOK turn SOUR and the stock does not show much improvement in price actions. 
Eg: 
a) The scrip of MCX Ltd at around Rs.844, is likely to face stiff competition from its peers and has more chance of going down or stay range bound, than some giving some meaningful positive returns on the upside. Hence, it is no use of buying the share of Multi Commodity Exchange of India Ltd  (Rs.844.20) for the long term, unless and until there is marked improved in the future SECTOR outlook.
b) The stock of 3i Infotech Ltd (Rs.7.35) is currently in a sector, whose outlook has turned positive according to some brokerage houses. I mean the sector outlook has changed towards better, which means the shares in this sector would show marked improvement in fundamentals going forward; if we follow the standard protocols of equity investing. 
Moreover, this company which is in the CDR scheme, is also showing positive developments in the fundamentals. Hence, what should you do? You should buy the scrip of 3i Infotech Ltd on everyday declines with a SL at Rs.6.70 and keep holding. I am sure you would thank me after a couple of years.
c) The stock of Federal Bank Ltd (Rs.103), should be accumulated. Why? Because after implementation of the new Insolvency and Bankruptcy Code, 2016 (IBC), the outlook of banking sector has turned positive. 
You can see this from the share price of Punjab National Bank Ltd, which is ruling at Rs.186, having made an intraday high of Rs.187.8. Its share price came up from around Rs.162 to the current market price within a few days --- you can check this from the historical prices. Therefore, any concern with asset quality of banks, is likely to come down in future, due to strict implementation of the IBC by the authorities. Hence, you need to accumulate the scrip  of most banks and hold. 
Moreover, if the stock of ICICI Bank Ltd can jump from ~Rs.305 to Rs.364, within a couple of week, the same can happen in this reasonably well managed private sector bank, known as Federal Bank Ltd, which additionally has come out with good set of Q3FY18 numbers. Similar is the case for Central Bank Ltd (Rs.74.5) and Dena Bank Ltd (Rs.26.40).

Today's Calls

1. Buy 63 Moons Technologies (Financial Tech) at Rs.82, T: Rs.93, SL: Rs.79.63 Moons Technologies, formerly Financial Technologies (India),  earlier set up an investment committee and has  now a new policy to protect the company’s wealth. The company, is sitting on around Rs .2,000 crore cash after selling its stakes in various firms.. 63 Moons Technologies, formerly Financial Technologies India, has introduced a trading platform for the equity markets. The platform uses artificial intelligence, social, mobile, analytics and cloud, cognitive computing and natural language processing.
Named Odin Voice and Odin Bot, the conversational user interfaces could disrupt the way people transact. “This technology will revolutionise brokerage services and be the trendsetter in financial technologies,” said Keshav Samant, president and chief executive officer, brokerage technology solutions, 63 Moons Technologies.
63 Moons Technologies has been offering financial technology solutions for over two decades. Its innovations include products and platforms such as Odin, iWin, Net.net, STP Gate, MCX, IEX, SMX & DGCX.

2. Those who are holding Punj Lloyd should now keep.a SL of Rs.21.40 and keep holding for targets of Rs.27-29.

3. Those who are holding Rolta Ltd should book profit at Rs.64.40 and exit the counter, the stock.is not performing.

WINNING STROKES: THINK DIFFERENT

Rolta India Ltd moved and moved today as it touched Rs.125.30 intra-day while closing near the day's high at Rs.122.85 in the BSE and Rs.123.40 in the NSE, up more than 6% in both the exchanges. The scrip will again be moving towards Rs.170-180 ranges and hence stay invested. It is not only because Bharat Electronics Ltd-Rolta India consortium bagged the Ministry of Defence’s (MoD) development agency order for the Battlefield Management System (BMS) project, worth over Rs.50,000 crore, but due to inherent strength of the company. The BMS project, categorised as a "Make in India" programme under the DPP, will be one of the largest solutions to be indigenously manufactured for the Indian Army.

Rasoya Proteins Ltd closed at Re.0.50 up more than 11.11% in the NSE. It hit the upper circuits in both the exchanges. The as I mentioned umpteen number of times, this stock will give superb returns going forward. This is an A-group company and hence the investors should accumulate it in all declines. 

My recommended Hindustan Oil Exploration Ltd today moved to Rs.39.75, before closing at Rs.39.30 up 3.59%. There were earlier media reports that Sun Pharma Ltd's promoter may pick up major stake in the company. The scrip should cross Rs.50 in the next few days, as the Crude Oil prices heads north. 

Gitanjali Gems Ltd moved to Rs.43.55, before closing at Rs.42.90. It is a common perception among the analyst fraternity that USD might rise if the US Fed hikes interest rates and hence outlook for the gold could remain subdued in the next 9-10 months. However, the geo-political situation is fast changing and might help a rise in the gold prices. The rise in the dollar may also provide a cushion to domestic gold prices. Even if the price of gold declines in dollar terms, the weakening of the rupee will keep prices high in rupee terms. Hence, buy the stock is Gitanjali Gems Ltd in all declines and keep holding. 

Veer Energy and Infrastructure Ltd today moved to Rs.3.37 before closing at Rs.3.28. The stock will invariably move towards Rs.5, in the coming days, as the government talks of providing more focus to the renewable energy sector. India’s wind power target of 60 GW by 2022 is easily attainable but solar target of 100 MW requires cost-effective support to be met, says a study report. 
In case of Nifty, today, it was expected that the market could rally, as the market was not only looking oversold but also, FIIs selling looked synthetic, due to rallies in the primary market. Today, the Sensex rallied 479 points while the Nifty posted the biggest daily gain in 2 months. The investors snapped up beaten down blue-chips after the Lower House of Parliament approved the 2015/16 Finance Bill on Thursday. Foreign institutional investors (FIIs) were net buyers in the equity segment worth Rs.605.3 million on both BSE, NSE and MCX-SX on May 04, as per provisional data available at the BSE. They bought equities worth Rs.51.05 billion and sold equities worth Rs.50.45 billion. While domestic institutional investors (DIIs), which include banks, DFIs, insurance and MFs, were net buyers in the equity segment worth Rs.1.46 billion. They bought equities worth Rs.12.53 billion and sold equities worth Rs.11.07 billion.

Updates on some of my recommendations

1. Granules India Ltd, was recommended around Rs.110-112.50.

The scrip touched an all time high around Rs.940.55 on 22/09/2014 (on my birthday). 

2. Multi Commodity Exchange of India Ltd (MCX Ltd) was recommended around Rs.255-270. The scrip made a high of high of Rs.895, on 21/07/2014.

3. B F Utilities Ltd was recommended around Rs.129-130. The scrip made a high of Rs.817.95 on 22/07/2014.

4. Mannapuram Finance Ltd was recommended around Rs.15.50--17.70. The scrip made a high of Rs.31.60  on 19/09/2014.

5. Opto Circuits Ltd was recommended around Rs.25.50-26. The scrip made a high of Rs.44.50 on 22/05/2014.

6. HCC Ltd was recommended around Rs.12.70-12.80. The scrip made a  high of Rs.49 on  01/07/2014.

7. P C Jeweler Ltd was recommended below Rs.88. The scrip made a high of Rs.278 on 23/09/2014.

8. Sarda Energy and Minerals Ltd was recommended around Rs.107.60. The scrip made a high of Rs.402.60 on 21/08/2014.

9. A2Z Maintenance and Engineering Services Ltd was recommended around Rs.11.45. The scrip made a high of Rs.36.40 on 25/07/2014.

10. Prakash Industries Ltd was recommended around Rs.49-50. The scrip made a high of Rs.123 on 21/07/2014.

These are some of scrips which gave good returns to the investors over a period, apart from others like IVRCL Ltd, Entegra Ltd, SBTL, Gitanjali Gems Ltd, IRB Infrastructure Ltd, Ahmednagar Forgings Ltd, etc. 

Today, while Pipavav Defence Ltd (Rs.39.15) and Resurgere Mines and Minerals Ltd (Rs.1.65) hit the buyer freezes; Gitanjali Gems Ltd (Rs.63.15) also closed above some crucial levels. 

Pipavav Defence and Offshore Engineering Company last year announced a new order for offshore vessels from a European client. The order was worth Rs.595 crore with an option to supply two more specialised vessels valued at Rs.1200 crore. The global market for specialised offshore vessels stands at US$10 billion. The company, with its well diversified order book among the defence, commercial and offshore segments, intend to focus on the defence and offshore vessel segment. The defence segment holds around 50% of the order book followed by the commercial segment and offshore segment. New orders in the offshore segment coupled with repairs and maintenance orders augur well for the company as it reduces exposure to the commercial segment. Pipavav Defence and Offshore Engineering Company spanning over 861 acres of land with two dry docking facilities of 662 m x 65 m (Dry Dock-1) and 750 m x 60 m (Dry Dock-2 under construction) is one of the largest “modular” shipbuilding facilities in India. The shipyard is capable of accommodating 400,000 dwt capacity ships along with construction and repair of a wide range of vessels starting from coastal and naval vessels together with repair and fabrication of offshore platforms and rigs. It also has a dedicated offshore yard with 175 m x 16.89 m quay consisting of both launching and loading platform together with installation of bollard and mooring rings.