Hidden GEM : Sintex Industries Ltd

                            Anlysis For Investment And Trading  Ideas  For Sintex Industries 

            Sintex Industries was incorporated at Kalol , North Gujarat in year 1931 to manufacture textile goods.The company entered in manufacturing of Plastic large size containers  in the year 1975.Later on entered into manufacturing of organic intermediate chemicals etc at OLPAD  near Surat in Gujarat.In year 1989 its plastic division offered technical collaboration for plastic molded products to RCC Industries Ltd,Singapore.Textile Division of the company diversified its product range into 100% highly sophisticated cotton export varieties both in prints and shirting's in the year 1992. Sintex received Amity Corporate Excellence Award for "Highest Focus on Safety And Quality" in the year 2011.

   

             Sintex Industries was suffering with high debts which was taken for expansion of business in Plastic and allied products. Sintex management had reduced the debts very sharply and its business prospects are also looking very nice as demand of its products are rising due to improvement in the Indian Industry and Indian Economy which indicates more better days for this company.

               The rates of Crude oil is coming down which will lead to improvement of its bottom line as well as its top line. secondly, NDA Government is focusing very hard on " Swatch Bharat Abhiyan " which will also helpful to Sintex Industries Ltd For improving its Sales and Profit in coming days. 

                                                         Investment and trading Strategy 

       

            We are very optimistic for coming time . Sintex Industries share touched  yearly high at 121.70 Level and yearly low at 63.50 Level before implication of demerger scheme.

Its touched lower level at Rs 17.80 at BSE On 24th May '2017 and touched Intraday High at Rs 33.10 before trading closed at Rs 25.80 after the company fixed record date 26th May'2017 for this scheme. Shareholders of Sintex Industries 1 Share of Sintex Plastic Technology Ltd for every Share held ( As on record date ) in Sintex Industries Ltd .

Shares of Sintex Plastic Technology Ltd will be listed separately at Indian Stock Exchanges ( BSE & NSE ) .

  So its a appropriate time to make Investment / Trade Sintex Industries for Short Term Trading and Long Term Investment now.

(1) For Short Term   :  Buy at 26 for target of  34 / 35 with strict Stop Loss at 23 .

(2) For Long Term   :  Buy at 21 for target of  61 / 62 with Strict Stop Loss at 17 .

Have a NICE Profitable Investing and Trading.

Analysis Of Market This Week : Indian Share Market

 Hi  Folks , Here's the Analysis Of  Market This week ending 24th June '16

Nifty                            :     8088.60 (-1.01% )                Sensex                :   26397.71 (-0.86% )

                                                                      

NIFTY Midcap 100  :     13289.35 (-0.52% )              BSE Small Cap   :   11278.63 (-1.37% )

NIFTY  BANK            :   17426.00 (-1.53% )             Dollar  V/s  Rupee :        67.96 (-1.31% )

                                   

Gainers Of The Week

(1) Escorts Ltd :   18.64%             (2) Natco Pharma : 14.30%  (3) Max Financial : 13.07%

(4) Manappuram Fin. : 12.36%   (5) Gati Ltd : 10.10%            (6) Allahabad Bank : 11.86%

                            (7) Alok Industries Ltd  : 9.77%        (8) Vakrangee Ltd : 8.77%

                                                       

Losers Of The Week

(1) Future Enerprises : 13.04%  (2) IB Real Estate : 12.39%          (3) Jubilant Life: 12.15%

                                                                                

 (4) Edelweiss Fin .: 9.61%         (5) Jaiprakash Power : 8.99%       (6) Shree Renuka : 8.17%

                         (7) Sunrise Asian Ltd   : 9.27%    (8) RattanIndia Power : 7.77%

             

                                                         Analysis  Of  Market  Movements

 Indian Share Market and Nifty started this week's trading with GAP DOWN opening  at 8115 level and  tried to move up but this up move was unable to sustained due to selling pressure particularly by big player FII was started  after Nifty touched 8285 Level on 4th trading session of this week . The selling pressure started from higher levels of 8285 which compelled Nifty to touch lower level at 7927 Level on last trading session after getting outcome of " BREXIT " from Euro Zone  . Market given some recovery after touching lower level at 7927 as  Big market players like DII  were buyer in dips whereas Big player FII were seller particularly in 4th and 5th  trading session during this week . Nifty made weekly high at 8285 level on  4th trading session ( As Intra day High ) . 

 Nifty settled the Weekly Closing at 8088 which its lower weekly  closing against closing of previous week . Bank Nifty settled this week end at 17426 . Indian Rupees settled this week end at 67.96 against US Dollar .

NIFTY Mid Cap100 Index corrected by 0.52% and BSE Small Cap Index  corrected by 1.37%, Nifty was down by 1.01% , Sensex was also down by 0.86% and Bank Nifty shown correction of  1.53% during the week .  Indian Rupee was also correted against US $ by 1.31%                                                    Now, Nifty have  support at  7920 / 7860 level and resistance at 8250 / 8340 level. Market participants should watch these level closely as Nifty will give a sharper move on either side after breaching the same. Its a market of Buying at sharp dips and Selling at any sharp rise to remain strong with safe profit on the table, So market participants should Buy at any sharp dips and should book profit at any sharp rise to make nice profit in short term. 

Nifty need to cross and sustain above 8340 level  (which is its 61.8% retracement  level from 52 weeks low of 6825 level ) which will  indicate for Nifty to be entered in New Bullish Orbit now. It means Nifty will show signal for heading towards New BULL Orbit for SHORT TERM after crossing and sustaining above 8340 level . So market participants should trade very carefully  as  the Author expecting strong Selling pressure may happened around 8250 / 8340 now before Nifty try to attempt for making New High .

  

Analysis Of Market This Week : Indian Share Market

Hi Folks,
 Here's the Analysis of Indian Share Market this Week for week ending 27th May '16

Nifty                            :     8156.65 (+5.25% )                Sensex                :   26653.60 (+5.34% )

                                                                      

NIFTY Midcap 100  :     13270.05 (+2.31% )              BSE Small Cap   :   11111.00 (+1.34% )

NIFTY  BANK            :   17511.80 (+6.25% )             Dollar  V/s  Rupee :        67.03 (+0.61% )

                                   

Gainers Of The Week

(1) Fenolex Cables :  17.09%  (2) RatanIndia Power : 16.22% (3) S B I Ltd  : 14.06%

(4) IB Real Estate  : 13.20%    (5) Tech Mahindra : 12.58%      (6) Bajaj Electicals : 12.46%

                            (7) Biocon Ltd   : 12.45%        (8) Hindustan Petroleum  : 11.97%

                                                       

Losers Of The Week

(1) Welspun Corp : 18.47%     (2) GVK Power  : 15.09%     (3) Just Dial Ltd : 12.82%

                                                                                

 (4) Hind Copper  : 9.65%    (5) Cummins India  : 8.81%       (6) JP Associates : 8.79%

                      (7) Sunrise Asian Ltd   : 9.47%    (8) Amara Raja Batteries : 8.95%

             

                                                         Analysis  Of  Nifty  Movements

Indian Share Market and Nifty started this week's trading with GAP UP opening and  tried to move up but this up move was unable to sustained due to selling pressure particularly by big player FII was started  after Nifty touched 7820 Level on 1st trading session of this week . The selling pressure started from higher levels which compelled Nifty to touch low at 7722 / 7715  Level on 1st and 2nd trading session respectively . Market sentiments converted in bullish tone from 3rd trading session ( just one day before of F&O Expiry of May'16 ) as big market players like FII and HNI turned to Strong Buying spree in Cash Segment as well as in futures also .  Big market players like DII  were buyer in dips whereas Big player FII were also buyer from 3rd trading session during this week . Nifty made weekly high at 8164 level on last trading session ( As Intra day High ) . 


 Nifty settled the Weekly Closing at 8156 which its highest weekly  closing after 30th October'2015 . Bank Nifty settled this week end at 17511 . Indian Rupees settled this week end at 67.03 against US Dollar .

NIFTY Mid Cap100 Index raised by 2.31% and BSE Small Cap Index raised by 1.34%, Nifty raised by 5.25% , Sensex also raised by 5.34% and Bank Nifty shown smart recovery of  6.25% during the week. Indian Rupee was also raised against US $ by 0.61%

Now, Nifty have  support at  8050 / 8010 level and resistance at 8250 / 8340 level. Market participants should watch these level closely as Nifty will give a sharper move on either side after breaching the same. Its a market of Buying at sharp dips and Selling at any sharp rise to remain strong with safe profit on the table, So market participants should Buy at any sharp dips and should book profit at any sharp rise to make nice profit in short term. 

Nifty need to cross and sustain above 8340 level  (which is its 61.8% retracement  level from 52 weeks low of 6825 level ) which will  indicate for Nifty to be entered in New Bullish Orbit now. It means Nifty will show signal for heading towards New BULL Orbit for SHORT TERM after crossing and sustaining above 8340 level . So market participants should trade very carefully  as  the Author expecting strong Selling pressure may happened around 8250 / 8340 now before Nifty try to attempt for making New High .