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June 03, 2024
- As per a technical expert if BJP gets 325-340 seats, the Nifty will move-up as life time high shorts of 2.97 lakh contracts are seen. Open Interest at a lifetime high of Rs.1.39 lakh cr. on expiry day suggest that insiders are long but FPI/retailers are short. Nifty RSI is 47 and many have predicted a 25% fall if BJP does not come to power. Hence stay long with fundamentally strong stocks. However, if NDA gets seats below 295 a sharp correction is likely. But if INDI forms the government, 20-30% correction is possible.
- As per market veteran 4 points to remember before any big event.
- 1. Avoid trying to predict the market move.
- 2. Do not keep over leveraged positions.
- 3. Keep yourself calm & composed
- 4. We can all talk endlessly on how market will react but we will only come to know when it happens
- Trading Lessons from film ‘SHOLAY’ characters.
- 1. Jai - The Strategic Trader: Jai’s calm and strategic mindset mirrors a trader who plans every move and stays composed under pressure.
- 2. Veeru - The Risk-Taker: Veeru’s bold & daring nature represents a trader who takes calculated risks to maximize profits.
- 3. Gabbar Singh - The Market Manipulator: Gabbar's dominance and control reflect market forces that traders must navigate carefully.
- 4. Thakur - The Resilient Trader: Thakur’s resilience and determination symbolizes a trader who bounces back from losses and never gives up.
- 5. Basanti - The Emotional Trader: Basanti’s emotional responses illustrate the pitfalls of trading with emotions rather than logic.
- 6. Sambha - The Loyal Advisor: Sambha’s loyalty and support highlight the importance of having a reliable mentor or trading partner.
- By embodying the best traits of these characters, traders can improve their strategies, manage risks better and ultimately achieve greater success in the market.
- As per market veteran, the next 5 years are more important than the next 5 days. Election results event will also pass with flying colors. We all have been waiting for the verdict of the new government since-long and it will be clear by this week. The volatility will be there for sure due to exit polls or even ‘sell-on-news’ syndrome. But one thing is clear to me that the next 5 years are more important. After Tuesday, the Street will talk of the Union Budget. Hence focus on stability & growth over the next 5 years, which will elevate corporate earnings.
- In 21st October MTTs, Techno Electric & Engg. recommended at Rs. 514 touched Rs.1450, a gain of 182%.
- In 11th May MTTs, DCM Shriram Inds., recommended at Rs.195 touched Rs.235.
- In 18th May MTTs, ITD Cementation recommended at Rs.391 touched Rs.418, Kabra Extrusiontechnik recommended at Rs.384 touched Rs.417, Andhra Petro recommended at Rs.90 touched Rs.111, PNC Infratech recommended at Rs.458 touched Rs.574, IRB Infra recommended at Rs.69 touched new high of Rs.76.55 during the week.
- Last week in MTTs of 25th May 2024, Cords Cable recommended at Rs.207.50 touched Rs.222, Thakkers Developers recommended at Rs.219 touched Rs. 248, Universal Starch recommended at Rs.167 touched Rs. 209, MK Ventures Capital recommended at Rs.2224 touched Rs.2585, Panasonic Carbon recommended at Rs.517 touched Rs.535 during the week.
- Bharat Seats manufactures seating systems, NVH components & body sealing parts for 4-wheelers, welded frame assemblies for 2-wheelers and seating system for Indian Railways. Promoters hold 74.59% and 6 reputed HNIS hold 3.51%. It FY24 NP stood at Rs.25.05 cr. and dividend raised to 80% from 70% in FY23. Buy for good gains.
- Panasonic Carbon India notched PAT of Rs.18.51 cr. and raised 120% dividend. Its small equity of Rs.4.8 cr. is backed by huge reserve of Rs.152 cr. Keep on radar for multi bagger gains.
- National Fittings’ FY24 NP shot up to Rs.5.84 cr. and declared 15% dividend. 20 HNIs hold 16.61%. Its 52 weeks high is Rs.195. Buy for hefty gains.
