>>> Nifty - Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Nifty Continue to correct as abc-x-abc. So possible near term support shall be around 7390. One should remain Patience with wait and watch Policy.
>>> Chart Performance of the Week <<<
>>> BHEL - As Posted on 23rd June, 2014 <<<
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Wrote on 23rd June - about Break out on BHEL.
>>> BHEL - Happened <<<
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Booked 20K as Part Profit.
>>> SSLT <<<
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SSLT gave us 10k as Part Profit.
>>> MCLEODRUSS - As Posted on 24th June 2014<<<
>>> Click the chart to see on full screen <<<
Wrote for many weeks about McLeodRussel - See what happened.
>>> MCLEODRUSS - Happened <<<
>>> Click the chart to see on full screen <<<
Rallied and Hit all Targets with a Profit of 21000.
>>> SPIC - As Posted on 21st June, 2014 <<<
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SPIC - given on Special Coverage - Cash Stocks - to Buy in Bulk.
>>> SPIC - Happened and Yet to <<<
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25.80 high made. Still lot of potential to rally more. Keep Buying for more rally.
>>> PERFORMANCE <<<
>>> Click the chart to see on full screen <<<
Write to us for more details on niftyforall@yahoo.com
>>> L&TFH - Special Coverage <<<
L&T Finance Holdings was seen as one of the favourites to get a new banking licence because its parent Larsen & Toubro has a diversified ownership. Public shareholding in Larsen & Toubro was 96.42 per cent at the end of March, 2013.
According to an analyst with a domestic brokerage, Larsen & Toubro may propose to set up NOFHC instead of L&T Finance Holdings to meet the eligibility criteria for a Banking License. L&T Finance Holdings offers diverse range of financial products and services across corporate, retail, housing and infrastructure sectors as well as mutual fund products and investment management services. It has presence across 23 states in India.
There are rumours on the air about L&T Finance and Yes Bank Merger or to Buy Stakes on Yes Banks. Its like an Back Door Entry into a Banking Foray.
Both Yes Bank and L&T Finance have denied news reports on their merger talks. In a stock exchange notice, Yes Bank said, it “does not comment on speculative news appearing in the media”, adding that the “bank keeps on evaluating capital raising alternatives, and has obtained board approval to raise equivalent of $500 million of fresh capital in...fiscal 2014-15”. L&T Finance, too, does not comment on speculative news. “As a part of its normal course of business, the company keeps evaluating opportunities on both organic and inorganic basis. The investors/stock exchanges would be informed as and when definitive developments take place,” it said.
Still the speculation is not dying down
Also Commercial vehicles maker AMW Motors has tied up with L&T Finance to provide retail financing options for its range of medium and heavy haulage vehicles and tippers, the company said on 25th June, 2014.
The agreement will help provide loans for the entire range of AMW vehicles such as tippers, the new AMW haulage range and other special purpose vehicles.
So lets go to Technicals and See What Chart Says...
>>> Click the chart to see on full screen <<<
Just Buy for Rally...Cheers!!!
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