Money Times Talk

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June 17, 2024

• As per technical expert FIIs cut their shorts from 3.55 lakh to 1 lakh causing the Nifty to rise by 2000 points since 4th June. Stay long with proper stock selection.
• Market grapevine suggests a positive budget with no changes to LTCG and STCG. The BJP maintains key ministries to ensure continuity. With a fiscal deficit of 5.6% in FY24 and 5.1% projected for FY25 it is likely below 5% due to record tax collection. Stock-specific buying is expected to continue.
• As per astrology, some important turning dates are 18, 21, 27 & 28 June 2024 with potential profit booking from 17th to 28th June.
• In 21st Oct MTTs, Techno Electric recommended at Rs. 514 touched Rs.1549 - a gain of 201%! Book profit.
• In 4th Nov MTTs, Cosmic CRF recommended at Rs.263 touched Rs.1445 - a superb gain of 449%!
• In 25th Nov MTTs, Bondada Engineering recommened at Rs.444 touched Rs.2437 - a mind boggling gain of 449%!
• In 6th January MTTs Sika Interplant recommended at Rs.1395 touched Rs.3070 - a gain of 120%!
• In 10th Feb MTTs Univastu recommended at Rs.127 touched Rs.223 - a big gain of 76%!
• In 2nd March MTTs HG Infra recommended at Rs.899 touched Rs.1853 - a superb gain of 106%!
• In 6th April MTTs, Porwal Auto recommended at Rs.55 touched Rs.83, GIPCL recommended at Rs.188 touched a new 52 week high Rs.238 during the week.
• In 18th May MTTs ITD Cementation recommended at Rs.391 touched Rs.478 - a life time high, Kabra Extrusiontechnik recommended at Rs.384 touched Rs.437.
• In 25th May MTTs Cords Cable recommended at Rs.207.50 touched Rs.261 a new 52 week high.
• In 1st June MTTs, Panasonic Carbon recommended at Rs.515 touched Rs.583, Smruti Organic recommended at Rs.169 touched Rs.182, SKY Ind., recommended at Rs.89.53 touched Rs.94, National Fittings recommended at Rs.111 touched Rs.130, Anantraj recommended at Rs.385 touched Rs.432 new 52 weeks high, Andhra Petro recommended at Rs.101 touched Rs.127, RDB Rasayan recommended at Rs.127.60 touched Rs.153, Gujarat Intrux recommended at Rs.321 touched Rs.391 during the week.
• In 8th June MTTs, Anantraj recommended at Rs.391 touched Rs.432, Andhra Petro recommended at Rs.110 touched Rs.127, Bal Pharma recommended at Rs.114.55 touched Rs.125, BMW recommended at Rs.58.29 touched Rs.67, Denis Chem Lab recommended at Rs.172.50 touched Rs.212, Exicom recommended at Rs.304 touched Rs.329, Godrej Agrovet recommended at Rs.560 touched Rs.600, HCC recommended at Rs.38.31 touched Rs.51.13 new 52 weeks high – a gain of 33%, ITD Cementation recommended at Rs.438 touched Rs.478 new 52 weeks high, Jai Crop recommended at Rs.309 touched Rs.414 – a jump of 34%, Jain Irrigation recommended at Rs.67.26 touched Rs.79.39 new 52 week high, Kabra Extrusiontechnik recommended at Rs.407 touched Rs.437, Morepen Lab recommended at Rs.48 touched Rs.56.35, NCC recommended at Rs.324 touched Rs.337, RVNL recommended at Rs.374 touched Rs.397, Saurashtra Cement recommended at Rs.113 touched Rs.149 - a gain of 32%, Vasundhara Rasayan recommended at Rs.223 touched Rs.240, Vodafone Idea recommended at Rs.15.85 touched Rs.16.85, Va Tech Wabag recommended at Rs.1082 touched Rs.1181 during the week.
• As per market grapevine, Anantraj, Crest, HCC, IRB Infra, IOL Chemicals, ITD Cementation, Indiabulls Housing Finance, Indiabulls Real Estate, Jain Irrigation, Morepen Lab, NCC, RCF, Rana Sugars, Satin Credit, Tarsons, Vodafone are likely to cross their 52 weeks high at any time before July end.