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August 05, 2024
- As per astrology view, some important turning dates are 5, 8, 12, 16 & 20th August 2024. Expect stock-specific profit booking between 5th to 23rd August 2024.
- A market veteran notes that despite widespread fears of a major correction in August, a gap-down opening could offer a good opportunity to accumulate strong growth stocks. While many believe a correction has begun, the veteran sees this as profit booking, not a sign of a significant downturn.
- Nifty @ 24,700, down 1.5% from its all-time high (ATH) of 25,078. A 5-10% dip is normal in an uptrend. Corrections typically occur when least expected, not during periods of high fear. Focus on selecting strong stocks to accumulate gradually, as they tend to fall less and rise more than the index. Stay cautious and avoid overconfidence. Happy investing!
- In 21st Oct MTTs, Techno Electric given at Rs. 514 touched Rs.1765 during the week - a gain of 243%.
- In 4th November MTTs, Cosmic CRF given at Rs.263 touched Rs.2112 - a gain of 703%.
- In 25th November MTTs, Bondada Engineering given at Rs.444 touched Rs.3125 during the week - a gain of 604%.
- In 9th December MTTs, IND-SWIFT LAB given at Rs.91 hit Rs.186 during the week - a gain of 104%.
- In 23rd December MTTs, ELECTROSTEEL was given at Rs.113 hit Rs.224 during the week - a gain of 98%.
- In 21st January MTTs, HFCL was given at Rs.88 hit Rs.140 during the week a gain of 59% & still looks good.
- In 17th Feb MTTs Lehar Footwears given at Rs.132 touched Rs.253 during the week - a gain of 92%.
- In 16th March MTTs, Ritco Logistic given at Rs.223 touched Rs.375, a gain of 68% & Ecoplast given at Rs.321 touched Rs.615 during the week - a gain of 92%.
- In 1st June MTTs, Anantraj given at Rs.385 touched Rs.566, a gain of 47%, Gujarat Intrux given at Rs.321 touched Rs.522, a gain of 63%, RDB Rasayan given at Rs.128 touched Rs.182 during the week.
- In 8th June MTTs, BMW given at Rs.58 touched Rs.79, a gain of 36%, Crest Ventures given at Rs.417 touched Rs.469, Morepen Lab given at Rs.48 touched Rs.63, a gain of 31% & still looks good, NCC given at Rs.324 touched Rs.364, Vipul Organics given at Rs.170 touched Rs.254 during the week - a gain of 49%.
- In 15th June MTTs, Anantraj given at Rs.424 touched Rs.566 & still looks good, HFCL given at Rs.118 touched Rs.140 & still looks good.
- In 22nd June MTTs, Rupa & Company given at Rs.279 touched Rs.331 during the week.
- In 29TH June MTTs, BL Kashyap & Sons given at Rs.90 touched Rs.114, Hindustan Adhesives given at Rs.388 touched Rs.488 during the week.
- In 6th July MTTs, BPCL given at Rs.306 touched Rs.359 during the week.
- In 13th July MTTs, Super Crop Safe given at Rs.12.60 touched Rs.15.40 during the week.
- In 20th July MTTs, Morepen Labs given at Rs.54 touched Rs.63 on Friday 2nd August & still looks good.
- Last week in 27th July MTTs, BMW given at Rs.64 touched Rs.79, Competent Auto given at Rs.552 touched Rs.585, Denis Chem given at Rs.178 touched Rs.204, HFCL given at Rs.123 touched Rs.140 & still looks good, IOL Chemicals given at RS.414 touched Rs.447, Vipul Organics given at Rs.176 touched Rs.254 during the week.
