Nifty Futures 10.30AM Call
10.30AM: Nifty Futures opened today at 5375 against its previous close of 5381, and is currently trading at 5370. It has so far recorded a HIGH of 5382 & a LOW of 5367. Asian cues are negative, US futures are just flat, and European markets may open in negative today. The trading range for NF today is likely to be 5330-5390.
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Nifty Trades - July 10
1. Total Trades: 9
2. Winning Trades: 5
3. Losing Trades: 4
4. Points Gained: 113
5. Points Lost: 18
6. Net Gain: 95
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BUY for a target of 100!!!
TREND ELECTRONICS, Face Value 10, CMP 47, 52 weeks low 25, 52 weeks high 52.
The company, formerly known as Videocon Communications, is in the business of Integrated Digital TV with built in set up box. The last 5 quarterly turnover shows a constantly growing turnover, i.e. 186, 223, 246, 271 & 310 crores. The EPS for the current financial year ending 30.09.10 will be 10+. The company is all set to record an annual turnover of 1000 crores for this year. And the company has a relatively low capital base of just 7.50 crores.
My target for this share is 100 within 6-9 months, which means it will double from the current market price of 47 in less than a year. And a bonus issue for the first time in its history is a distinct possibility.
BUY THIS SHARE BELOW 50 & GET OUT OF IT ONLY ABOVE 100.
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Nifty SMS Trade
12.35PM: Bought nifty at 5366. Target 5400/5410. SL 5359.
2.37PM: Booked out at 5410. Gain 44 points.
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Market Close Report
3.30PM: Nifty futures closed the day at 5419, up 38 points, after touching a low of 5359 & a high of 5421.
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