Chart Update: Crude chart pattern and Aban Offshore

ABAN Offshore Ltd: CMP 227, from 2014 to 2016 Aban has fallen massively from around 900 in July 2014 to around 140 in Feb 2016. In the same period of 2014-2016 crude has fallen massively from nearly 100$ to almost 25$.

 

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Now as we see the charts of CRUDE it has an Inverse Head & Shoulders pattern with targets of nearly 80$, with TRUMP at Helm of USA the commodities are expected to perform. It is also said that America crashed crude to hurt Russia and there is a belief that Trump is close to Putin so he might help Undo the Crude Crash.

ABAN near 227 is 38% away from all time low of 140. This might be worth taking the risk if Crude starts a sharp uphill journey from here.

 

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Big Shots: Porinju Veliyath’s latest pick is SAKSOFT LTD

Even though Indian stock market investors don’t need any introduction of Porinju Veliyath. But we have to write a line about him so here it is “The marvelous portfolio management company ‘Equity Intelligence’ founder and a very smart value picker on the Dalal Street”.

Porinju’s every action is widely eyed by every Indian Stock Market investor/trader like us.

His latest pick spotted in today’s (27/12/2016) bulk deal is SAKSOFT Ltd.

EQUITY INTELLIGENCE bought 55,858 shares of SAKSOFT Ltd at 267.34 a piece.

Saksoft Ltd is an Big Data and Analytic firm headquartered in India. Saksoft offers services such as Information Management and Business Intelligence, Testing Services, Application Development Services and CLOUD services.

Saksoft for FY16 reported:-                                                                                                       Revenue of 243.73 crores, Net Profit of 18.47 crores, EPS of 17.35.                                             Promoters hold 72.79% stake in the company.                                                                           Current market cap is around 270 crores.                                                                                   At current market price of 271.65 the stock is trading at a p/e of 15.65.

Recently Saksoft announced the acquisition of majority stake in bengaluru based DreamOrbit Softech Pvt Ltd, with this acquisition Saksoft looks to further strengthen its offerings in the Digital space with special emphasis on IoT.



SAKSOFT Ltd seems to be an exciting story playing out in the market, Let us see if the Bullishness prevails going ahead from here.


Big Shots is our series where we will keep tracking and reporting the latest moves of Big Shots like Rakesh Jhunjhunwala, Ramesh Damani, Porinju Veliyath, Dolly Khanna, etc.

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NSE BSE Bulk Deal Highlights 27-12-2016

On the NSE:-

ICRA Ltd – 3960.

FRANKLIN TEMPLETON INVESTMENT FUND bought 1,57,700 shares of ICRA Ltd at 3875 a piece. ASHOKA PTE was the seller.

SAKSOFT Ltd – 271.65.

PORINJU VELIYATH’S EQUITY INTELLIGENCE bought 55,858 shares of SAKSOFT Ltd at 267.34 a piece.

On the BSE:-

BSE didn’t have any deals which can be of great importance to Investors & Traders. Most of them were Intraday Trades and some others were Fund selling to another Fund.

 


Bulk Deal highlights is our series where we daily highlight important, notable bulk deals.

So amidst the sea of unwanted Intraday Bulk Deals and crappy entries you can see the bulk deals that might matter.

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NSE BSE Bulk Deal Highlights 26-12-2016

On the NSE:-

D-Link India Ltd – 107.50.

PRUSIK ASIAN SMALLER COMPANIES FUND bought 2,03,000 shares of D-Link India Ltd at 107.13 a piece.

Welspun Enterprises Ltd – 62.

DILIPKUMAR VISHINDAS LAKHI bought 17,25,007 shares of Welspun Enterprises Ltd at 61.88 a piece.

Dilip Lakhi of the Lakhi Group was the highest tax payer in Mumbai back in 2003.

On the BSE:-

Vishal Fabrics Ltd – 310.60

LTS INVESTMENT FUND bought 80,250 shares of Vishal Fabrics Ltd at 300 a piece. Sunil Raghuvirprasad Agarwal was the seller.

 

 


Bulk Deal highlights is our series where we daily highlight important, notable bulk deals.

So amidst the sea of unwanted Intraday Bulk Deals and crappy entries you can see the bulk deals that might matter.

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Chart Update: Pattern spotted on Nifty Daily Charts

Nifty spot: 7913

Nifty Dec Fut: 7915

Nifty spot on the daily charts has a bearish Head and Shoulders Pattern.

nifty-hns

The pattern has neckline near 7912, as per the principles of the head and shoulders pattern the first target is the gap between the shoulder top and the neckline which in this case implies a target of 7557. And as per the principles of the pattern the second target is the gap between head and the neckline which gives a crazy target of 6872.

Chart Update: is our series were we will share chart patterns spotted on the charts of Index & Stocks.

 

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NSE BSE Bulk Deal Highlights 23-12-2016


On the NSE:-

Deepak Nitrite Ltd – 85.30.

RELIANCE SMALL CAP FUND bought 35,73,572 shares of Deepak Nitrite Ltd at 85.06 a piece. Quest Investment Advisors were the sellers. The stock closed at 85.30 on the NSE down by 3.83%.

Arrow Greentech Ltd – 483.

VISA CAPITAL PARTNERS bought 1,37,823 shares of Arrow Greentech Ltd at 480 a piece. While promoter Shilpan Pravin Patel sold 1,50,000 shares.

 

On the BSE:-

Reliance Defence and Engineering Ltd – 54.70.

Morgan Stanley Mauritius bought 12,322,863 shares of RDEL at 53.25 a piece. Valiant Mauritius Partners were the sellers. The stock closed at 54.70 on the NSE up by 2.82%.


Bulk Deal highlights is our series where we daily highlight important, notable bulk deals.

So amidst the sea of unwanted Intraday Bulk Deals and crappy entries you can see the bulk deals that might matter.

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Hello World!

namaste

This is our first post on this new redesigned website.

We will update the website with latest news,views,information about the Indian Stock Market.

We will be covering both Indices as well as Individual Stocks.

Hope you have a good read!

PS: The website is just our passion for the stock market, We are not Research Analysts and We don’t sell any advisory services, Please consult your Financial Advisor before taking any decision in the stock market. Nothing here constiutes investment advice for you to act on. Also, we have a vested interest, and are extremely biased, in everything that we say. So Mind It!

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