General Trading Chat

On 28.4, BNF opened at 222275, did an high of 22299.8 and then fell again and once below 22277 did a low of 22204. And again on moving above 22299 did an high of 22392, just few points below the congestion zone.

Now,
Congestion zone is still there at 22433/444,
Should reach there

If trades above 22344
But must sustain above 22299.
done with
high so far 22470 :D
 
Bank,finance and housing finance is the best performing sector presently.Housing finance companies have appreciated over 10 % in last 15-20 days.

ST
 
Maruti, Tata Motors report monthly numbers

Maruti Suzuki India highest ever monthly domestic sales in April at 144,192 units, jump of 23.4 percent. In April 2016, the company had sold 117,045 units.

Tata Motors reported a 21 percent fall in total sales in April to 30,972 units as compared to 39,389 units sold in the same month last year.
Maruti traded at All Time High Value of 6683 today ...... :)
 
characteristic of all high quality stocks is consistency and reliability ....
High growth in net profits ,honest management,speciality product ,less Govt interference ,high entry barriers...all ingredients of stock prices going up.

ST
 
I viewed full interview of Mr Aditya Puri of HDFC bank.They have taken some steps internally and improved their systems and he is confident that " best is yet to come from HDFC bank".

The profit growth will be accelerated and they will be back on their 25 % YOY growth path. Very bright future for this stock .Worth accumulating in every dip...Best is yet to come....:)

ST
 

vivektrader

In persuit of financial independence.
High growth in net profits ,honest management,speciality product ,less Govt interference ,high entry barriers...all ingredients of stock prices going up.

ST
sir,
what are your views about Biocon at current price?
 
Last edited:
sir,
what are views about Biocon at current price?
View is "BUY"...they are mostly in European markets but now they are getting into US markets...the growth will be a bit slow but once US markets click, they will grow faster.

They have declared 2bonus shares for every share held..

ST
 

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