As cautioned in the sunday mail, markets closed in deep red. After SBI's announced quarterly numbers, market turned into red with a massive sell-off in the banking space. Going forward Nifty can take support at 5350.
The country’s largest bank disappointed the market heavily as it’s net profit plunged by 98.9% to Rs 20.9 crore as compared to RS 1,866.6 crore in the corresponding quarter last year. The stock was ruthlessly sold off and finally closed with 7.8% losses to Rs 2,413.60. As a result, the benchmark Nifty broke the important support level of 5,470 and was dragged near the 5,420 mark.
BSE 30-share Sensex was down by 207.68 points to close at 18,137.35,CNX Nifty was down by 60.05 points to close at 5,438.95.
Zenu Infotech: Our last week recommendation (Momentum call) Zenu Infotech, closed at 6th consecutive upper circuit providing total 25% returns for our paid clients. Even in this kind of market turmoil, our recommended counters are locking at upper circuits without any breaking and providing superb returns to our paid members.
Sutlej Textiles and Industries Ltd: The counter which was recommnended as pick of the week on April 3rd week on anticipation of good prospectus of the company, as expected came with superb results. And even for the benefit of all the free blog readers we have updated our recommendation on the blog also, as expected the counter started gaining smartly even when market closed in the red, the scrip managed to close in green with modest gains of 1.01%. Below is the link where we have updated the recommendation on sunday on the blog and asked free blog readers to buy the counter. http://venkistockcalls.blogspot.com/2011/05/sutlej-textiles-industries-ltd.html
Northgate Technologies: The counter started hitting continous upper circuit, I hope every one remember that the scrip is suggested to by and hold for around 6 months and now our paid clients are enjoying the benefits, It will definately show a turn around story in its share price also, Below are the write ups on the counters on the blog suggest to buy and hold. The counter hitted 5th consecutive upper circuit, before cooling down a bit and closing with 2.56% profits for the day.
http://venkistockcalls.blogspot.com/2011/04/mid-small-cap-counters-as-mentioned-in.html
http://venkistockcalls.blogspot.com/2011/03/scrips-that-are-mentioned-in-todays.html
http://venkistockcalls.blogspot.com/2011/03/excerpts-from-morning-mail-sent-to-our.html
Our Last week recommended counter (which is into power generation and distribution) and multibagger stock are closed flat on the day when markets closed in deep red.
The country’s largest bank disappointed the market heavily as it’s net profit plunged by 98.9% to Rs 20.9 crore as compared to RS 1,866.6 crore in the corresponding quarter last year. The stock was ruthlessly sold off and finally closed with 7.8% losses to Rs 2,413.60. As a result, the benchmark Nifty broke the important support level of 5,470 and was dragged near the 5,420 mark.
BSE 30-share Sensex was down by 207.68 points to close at 18,137.35,CNX Nifty was down by 60.05 points to close at 5,438.95.
Zenu Infotech: Our last week recommendation (Momentum call) Zenu Infotech, closed at 6th consecutive upper circuit providing total 25% returns for our paid clients. Even in this kind of market turmoil, our recommended counters are locking at upper circuits without any breaking and providing superb returns to our paid members.
Sutlej Textiles and Industries Ltd: The counter which was recommnended as pick of the week on April 3rd week on anticipation of good prospectus of the company, as expected came with superb results. And even for the benefit of all the free blog readers we have updated our recommendation on the blog also, as expected the counter started gaining smartly even when market closed in the red, the scrip managed to close in green with modest gains of 1.01%. Below is the link where we have updated the recommendation on sunday on the blog and asked free blog readers to buy the counter. http://venkistockcalls.blogspot.com/2011/05/sutlej-textiles-industries-ltd.html
Northgate Technologies: The counter started hitting continous upper circuit, I hope every one remember that the scrip is suggested to by and hold for around 6 months and now our paid clients are enjoying the benefits, It will definately show a turn around story in its share price also, Below are the write ups on the counters on the blog suggest to buy and hold. The counter hitted 5th consecutive upper circuit, before cooling down a bit and closing with 2.56% profits for the day.
http://venkistockcalls.blogspot.com/2011/04/mid-small-cap-counters-as-mentioned-in.html
http://venkistockcalls.blogspot.com/2011/03/scrips-that-are-mentioned-in-todays.html
http://venkistockcalls.blogspot.com/2011/03/excerpts-from-morning-mail-sent-to-our.html
Our Last week recommended counter (which is into power generation and distribution) and multibagger stock are closed flat on the day when markets closed in deep red.
The returns from our previous recommended scrips reveals our performance, If you want to gain good profits from indian markets subscribe to venkistockcalls.
Glad to see this information.its very useful for everyone.thanks for sharing this post.
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