Sunday, November 6, 2016

Monday Market November 07, 2016

Rajesh Sharma

My Projection:

Market movement: Up
Transaction Volume: Around 80 Corer

Companies to watch: MNBBL due to confusion in right shares/bonus shares, LICN due to confusion in investment income and premium income, SCB due to FPO confusion, CBBL due to higher than expected bonus share on one side and pressure on MFIs due to Governors' negative opinion. Stocks in this category may be highly profitable or may nose dive. Being wise and being careful are the keys while selling or buying these stocks. They are vulnerable to rumors and you should wear rhino-skin jacket.

Companies under pressure for upward movement: Nabil, NIB, SBL, RMDC etc.

Attractions: Low to medium price range general insurance companies, EBL CBL etc.

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