AGM of Gujarat Alkalies

Few Points :

🔅After expansion of 525 MT of caustic soda, company would have 17% market share from 11% currently.

🔅Chloromethane 1.05lakh MT production started.

🔅Hydrazine hydrate: Import substitute speciality chemical product : under commissioning

🔅The production should start in 6-8 weeks for the product. The same was developed with hyderbad based lab and a joint patent for 20 years given by Indian and US government.

🔅Phosphoric acid 33300 MTPA capacity should commence production in Feb 2023.

🔅Another Chlorotulene project which is under progress should finish in another 12-18 months.

🔅Due to high power cost company in talks with NTPC renewable energy. Commence 65MW coal plant as well recently.

Events Today

1. RBI Policy For Rate Hike
2. Putin Speech
3. FTSE Rebalancing
4. Weekly/Monthly/Quarterly/Half Yearly closing

Volatile Day

Can markets find its bottom after RBI CREDIT POLICY EVENT TODAY??

Nifty 16660 would be watch out zone for Bounce

EXTREME FEAR & PESSIMISM IS THE BEST TIME FOR INVESTORS TO GRAB OPPORTUNITY TO BUY QUALITY BUSINESSES

All global & our markets are extremely oversold & soon we can see Reversal on the cards anytime let's see when they do.

At 15300 they thought will buy at 15000 - 14000 zone

At 17000 they thought its bear market Rally

When markets Reach 18000 - FOMO get high & every1 wanted to BUY

16600 - 16700 dip is here, now they Are looking for big Dip around 16000-15500

Let's C....

&

C U again @ 18000

Major events wld get over this week

From next week Q2 numbers are starting

Pick ur Horses 🐎 who can give Good Q2 Numbers

Good Numbers wld be Rewarded & Bad Numbers would be Punished

50 bps Rate Hike by RBI

It's seems all Priced in at current level

Are we bound for Pullback Rally....

Meghmani Finechem

Commissions additional 1.06 lakh TPA ,capacity of caustic soda at Dahej

Commissions captive ,PowerPlant of 36 MW at Dahej

Falling palm oil prices would Benefit PATANJALI & AWL as its margins wld Improve going forward

Meghmani Finechem commissioned an additional 1,06,000 TPA capacity of Caustic Soda along with Captive Power plant of 36 MW at Dahej

EPC, CPVC & Caustic soda plants full revenue will start from 3rd and 4th quarter.

Emergency Fed Meeting announced to be held Today

In Last 8 months Investors faced the followings Events & Survived

Russia Ukraine War

Global inflation & Global slowdown

Central Banks - Raising rates

Recession in Europe

Technical Recession in USA

Energy Crisis

High commodity prices

House arrest of Xiping ( Rumor )

Now Credit Sussie News ( just for info - CS stock is in downtrend from last 5 years)

Many more can come in next few months....

16770 - 16850

Recent Low - 16748 should be held & ON closing below that one shld rework strategies or else

we are due for pullback Rally aft major events are over

From 10th Oct Q2 Numbers wld start with I.T & If I.T shows good Q2 than possible we can see Good pullback in I.T stocks

Buying Fear & Panic in Limited & Stock specific wld help in upcoming
Result season

Few stock which we feel can outperform markets in medium To Longterm

PANTANJALI
AWL
DEEPAK FERTLISER
MFL
AURIONPRO
SAKAR HEALTHCARE
WELSPUNCORP
BOROSIL LTD

List is Long

Aurionpro

Aft ATH of 477

Now Available in RETRACEMENT @ 420

Strong Support @ 390

This can be Big in coming few Qtrs

NELCO

On Radar

Days Low - 859

Support @ 827 & 770

Good on all dips & Panic & more Near support

Test Levels- ATH & 1250/1500+

S/L - 705 on cbsl or As per Risk

NIFTY Today's Low @ 16856
CLOSED @ 16887

For pullback Shld close above 17080 - 17100 zone

More Short covering above 17200/17260 zone Only

Aurionpro Solutions Ltd

“Aurionpro wins order from the large private sector
bank in India.”

DMART Q2 BIZ : ST. REVENUE IN Q2 JUMPS 36 % TO 10384 CR (YOY) UP 6 % (QOQ)

ADDED 8 STORES IN Q2
TOTAL STORES AT 302

Aurionpro
Buying by Director and pledge revoke by Promoter group in last few months.