Indian Stock Market update on 1 March 2021

 Indian Stock Market update on 1 March 2021

 

 

Markets are looking tired, some upward movement steam left, before market can take support at previous higher highs.

Down Support / target for bears = Nifty 13,000 (to establish support for nifty in future)

Nifty long term and short term update

Some for thought , here is Nifty long term and short term update which i forecast some months back.
two outcomes for nifty. click on the individual pics for reading each posts. thanks in advance

bearish possibility

bullish possiblity, which is bang on target, given on 21- October - 2013

New Fail-Safe Trade Indicator by jaggu

about
Fail Safe indicators are made from stolid Moving Averages,which are more reliable than other lagging and leading indicators,since they follow market trend.

this 3 step simple & easy to use indicator is proven with tried and tested in various bull and bear markets with excellent results comparable to almost positional trade fail safe by jaggu.

Features:
Name fail safe comes from fact that,this indicator has to be updated daily and manually,free from any technical problem..so there is less chance of failing/or giving wrong trend.

this indicator is used as Reliable End of Day (EOD) indicator, since it depends basically on Open-High-Low-Close values.

this indicator is used for positional trade in trending market,in addition with intraday trades (with separate real time file for intraday trading also available)

How to use this Excel Sheet indicator:

 

In this,there are 3 separate indicators:

SL = this one gives the stoploss for your long or short position,

Day/Intraday trend= this indicator tells which is the best position for intraday trading

Positional trend= this indicator tells u whether the market is in down trend or uptrend.

Example Of Nifty (NSE 50) from 2008 onwards till dec 16-2010

Into Unchartered Waters!!!

Fundamentals
GE Shipping,was incorporated in 1948 at Mumbai. The company has been promoted by A H Bhiwandiwalla & Co. (Mumbai) Pvt. Ltd. The main activities of the company to own, purchase, charter ships, boats & sea going vessels.

GE Shipping is India’s largest private sector shipping company,enjoying a formidable presence in the international maritime industry. The shipping business operates under two main businesses: dry bulk carriers and tankers. A sizeable part of the tankers enjoy approvals from oil giants like SHELL, BP, EXXONMOBIL,..etc.

The Company operates regular cargo services on the Indian coast and carries mineral,oil products on the Indian coast under charter. It also carries on overseas liner service between west coast of Canada, U.S.A. and India.

GE Shipping also acts as agents for foreign shipping companies amongst whom the important ones are Yasmashita-Shinnihom Steamship Co., Ltd., Tokyo and Stanhope Steamship Co. Ltd., London.

Backed by an enviable clientele comprising industry leaders, international oil companies and governments who vouch for its services, GE Shipping has earned the status of being the most preferred shipping service provider.

Increased demand from China, for commodities like iron ore, steel, copper and aluminum has resulted in increased demand for ships that specialise in carrying such cargo. This consequently, has resulted in a surge in dry bulk freight rates.

The average age of the GE shipping fleet is around 14.5years.While the average age of the Indian shipping fleet is around 18.9 years.Competition is price based. However, companies with younger fleet command a premium.

The world’s largest natural gas reserves are concentrated in the Middle East and North Africa, while major consumption centers are China, Japan, Europe, the US and India.

The sharp increase in domestic refining capacity and a pick up in oil exploration activity will benefit the offshore shipping lines as demand for their services picks up. As a result of the commissioning of large domestic refining capacities, the import of crude is expected to jump in the future.

Increased demand in global oil in Emerging Economies like China,india and North America,has led to demand for tankers and its freight rates in 2007.This has benefited shipping majors like GE Shipping,Shipping Corp of India,Varun shipping,essar shipping.

Corporate Information,Financial Results&Shareholding Pattern

Technicals

The stock has good support,has been trading above the 200-day moving average,through the year with less volatility,it is one of finest and steady stocks which has given 100% absolute returns during past 5-6 months alone.

Small and long term Investors can have this wonderful stock in their portfolio with 2 year hold for target of 100-200% appreciation.

Little Flower will Bloom very soon!!!

Fundamentals:
Established in year 1998-99, Pochiraju Industries Ltd. is in production and marketing of cut flower roses for US and European mkts.

The Company is located in 23.5 acres land at Satyamangalam village, Hosur Tq., Krishnagiri District, Tamil Nadu, a noted Agri Export Zone for floriculture. It has 6 hectares of covered green house area under which different varieties of Dutch roses are grown under controlled environment.

Pochiraju Industries grows the fifteen varieties of Dutch roses and proposes to expand another 3 hectares with the following varieties of roses and other flowers Roses: Passion, Hollywood, Bianca, Polo, Tropical Amazon, Royalbaakara, etc. Coronations, Chrysanthemums, Tube roses, zeberas, etc.

As of now, the company is purely in the floriculture business, with the pharma and biopharma ventures likely to start contributing (to revenues) later this year and next year respectively.

While on a price-earnings basis, the stock appears to be priced low at multiple of 4 while its competitor Karuturi Networks commands a p/e of 40.


Technicals:
it is been seen under consolidation in the range of Rs.22-30,for long time since its listing on exchange.it can have breakout above Rs.30 very soon with a immediate tgt of 50+.

Plus point:
Pochiraju industries is earning 9 crore(sales),2 crores(Q-o-Q profit) means on a 18 crore equity(shares) with a EPS of Rs.5 this year.So if u r a investor in this Company,u can HOLD this Stock for p.e tgt of 35..or price tgt of 175 in a year.

Metal trading is precious than Oil Refining!!!

How said you can make money only in Oil and gas sectorCompanies,well u can make more money in Metal trading !!!

The MMTC (Minerals & Metal Trading Corporation Ltd) is stock that has gone up 13 times in the past three months, and has a market cap of around Rs 2 lakh crore.!!!

According to SEBI circular that promoter holding should not exceed 75%, is not applicable to state-owned companies.

The government holds 99.33% in MMTC out 5 crores shares and, of the remaining, a couple of mutual funds hold 3.27 lakh shares out of the 3.34 lakh shares with minority shareholders.

With only 7369 shares with the common man to be traded or invested.

Mutual funds have gradually diluted their holdings,with retail investor increasing their holdings.

Conclusion: Somebody had bought 2700 shares,before the stock price started moving Skywards!!!Its Ticking Time bomb!!!