DEEPAK NITRITE

EXACT HIGH OF REISISTANCE

489.25

Need to cross 490 for BIG RALLY

VINDHYA TELE

LOCKED IN UC

430 TO 584


https://wealthcreatures.com/2020/03/31/vindhya-telelink/

OUR INVESTMENT & HIGH CONVICTION PICK DEEPAK NITRITE WOULD CROSS ITS RESISTANCE AT 490

ABOVE 490 IT SHOULD BLAST TILL 505/515/540+ AND CAN EXPECT A NEW HIGH

IF NIFTY CLOSES ABOVE 9270 THAN WE ARE MOVING TOWARDS
9400/9480/9600


RESISTANCE - 9345 - 9355

JAIR CORP AGAIN ON RADAR

Moving fast

Already 45 TO 70

CAN TEST 80/88 ALSO

💢 SHREYANS INDS A VALUE BUY IN PAPER INDS

💢 ATTRACTIVE DIVIDEND YIELD OF 6.75%.

💢SHYERANS INDS BLASTING DAYS HIGH 89.90

💢74 to 89.90 🎯🎯

💢20% DONE IN JUST 2 SESSIONS
MORE TO COME

https://wealthcreatures.com/2020/04/22/shreyans-inds-value-can-emerge-as-trading-cheap/

SBI cards 572

DEEPAK FERTLISER

READY FOR BREAKOUT ABOVE 94
200 DMA around those LEVELS only

BIG MOVE COMING

DEEPAK FERTLISER

BLASTING 17%

🎯🎯

MANY QUERY ON
DEEPAK NITRITE

Franklin India Small companies fund
Holding 4.17% in Deepak Nitrite worth - 261.53cr

Templeton have closed only 6 Debt Fund.

As Soon As market Realises Nothing to do with it.

In Short term we can see some Moee pressure

Stock would again Bounce and start Recovering.

Stay Invested with Patience.

🎯DEEPAK NITRITE ALREADY GAVE 350% RETURNS FROM OUR 1ST RECOMMENDATION.

🎯STOCK HAS WITHSTAND WHEN MIDCAPS SAW BLOODBATH.

🎯STILL WE FEEL STOCK HAS HUGE POTENTIAL GOING FORWARD.

https://wealthcreatures.com/2020/04/25/deepak-nitrite-chemical-multibagger-in-making/

Detail Clarification about Franklin Templeton MF winds up six debt funds due to COVID - 19

Six schemes of Franklin Templeton Mutual Fund - Franklin India Low Duration Fund, Franklin India Dynamic Accrual Fund, Franklin India Credit Risk Fund, Franklin India Short Term Income Plan, Franklin India Ultra Short Bond Fund and Franklin India Income Opportunities Fund were *wound up due to increasing redemption pressure, slowing inflows and worsening liquidity in the debt market*

In the first instance of covid-19 impact on debt funds, the trustees of Franklin Templeton India have decided to wind up six open ended debt schemes - Franklin India Low Duration Fund, Franklin India Dynamic Accrual Fund, Franklin India Credit Risk Fund, Franklin India Short Term Income Plan, Franklin India Ultra Short Bond Fund and Franklin India Income Opportunities Fund.

Sharing the rationale, Sanjay Sapre, President, Franklin Templeton India said that the coronavirus pandemic has created liquidity crunch and unprecedented redemption pressure in the debt fund space. *“We have been witnessing heightened redemption pressure and reduced inflows in these schemes. It would be extremely difficult for the debt market to generate adequate liquidity to handle these pressures.* In our view, normalcy will not be restored in the debt market sooner or later. Hence, *we have wound up these schemes to protect value for our investors.* It is the only viable means to secure realization. *We remain fully committed and aligned with the interests of our investors* and aim to assist the trustees to fully exit the managed credit strategy funds at the best possible value.”

With this, the *fund house will not allow any fresh subscription and redemption in these schemes with effect from April 23, 2020. This includes purchases or redemptions through SIPs, STPs and SWPs.* That means, it would not be possible for your clients to do STP in equity funds if they have invested in any of these schemes.

These *six schemes have combined AUM of Rs.26000 crore.*

The fund house will return the money to unitholders in a staggered manner based on scheme’s portfolio maturity. The fund house will either wait for maturity of securities or sell securities at reasonable amount without causing impact cost. This essentially means, funds having short term debt securities like short term funds and ultra-short term funds will return the money more quickly than credit funds.

The fund house will not change fund management fees during the period of winding up. However, investors will have to bear other expenses like RTA fees and brokerage if any.

In addition, the side-pocketing pocketing exercised in these schemes will remain intact.

In a press release, Santosh Kamath, CIO, Franklin Templeton Fixed Income India, said, “We have been managing many of these funds for over a decade, and some, for over fifteen years. While these funds are getting wound up, accruals into these funds should continue in the same way as now, as the underlying securities held by these funds remain sound. While for many years, these managed credit funds have carefully invested in and supported growing businesses in India, unfortunately the extreme drop in liquidity in the bond markets, coinciding with very large redemptions following the COVID-19 outbreak has compelled us to make difficult decisions in order to protect the interest of the funds’ unitholders.”

Sanjay Sapre President of FT further said, “We are committed to our partners and investors. We have taken this difficult decision to protect our unitholders. The current circumstances in the debt market due to covid-19 pandemic do not look good for investors and hence, it is better to restrict the value of funds from further erosion.”

All after Clarification

One this is clear no STOCK would get impacted due to Franklin MF winding down is schemes worth 28000cr which they had declared yesterday

As all 6 schemes are DEBT FUND.so not Equity shares would be effected

Monday Can see Bounce Back in Deepak Nitrite

RBI ANNOUNCES 50000 CR SPECIAL LIQUIDITY FACILITY FOR
MUTUAL FUND

AS TOLD MONDAY

STRONG BOUNCE BACK IN
DEEPAK NITRITE

STOCK UP 5%

https://wealthcreatures.com/2020/04/06/sterling-wilson-solarsws-new-ipo-from-shapoorji-pallonji-group-and-khurshed-yazdi-daruvala-available-at-90-discount-to-ipo-price/

An Brand Ipo from - Shapoorjo pallonji group

💢 STERLING & WILSON SOLAR LOCKED IN UPPER CIRCUIT

💢 84 TO 158

💢 STOCK UP 90% IN JUST 20 DAYS

💢DONT BE IN HURRY TO BOOK PROFITS THIS CAN EVEN DOUBLE FROM CMP