restrict-user-access domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home1/portfol1/public_html/wp/wp-includes/functions.php on line 6114After a stupendous move in 2012, 2013 was a year of dissapointment for Den Networks as it after starting off great then proceeded to retrace to 50% of the move seen in 2012. The stock seems to have started 2014 on a bright note.
Of course, no moves happen without some good news hitting the waves. Here is the link for the interview with the CMD of Den Networks
While Index has been more or less flat during the last couple of months, the stocks of several mid and small cap have been on a strong bullish trend, something many of them had not seen in the last couple of years.
Gati which belongs to the Logistics sector is one of such stocks. The stock has sharply appreciated in the last few weeks and today the news is that ace investor Radhakishan Damani has picked up a sizable quantity. The stock is now looking at a pretty strong resistance range and a break above can change the fortunes of the stock dramatically over the next few months.
For a company that has been under duress due to debt and has been referred to CDR, the stock has given ample opportunities for exists. Today’s fall means that the price is now nearing the major support of 140 below which 80 is the supporter of the last resort.
Another one of the charts which theoretically has no predictive value gives an interesting insight. Chart below plots the total Win / Loss on each day of the year. The best day was Thursday with Tuesday being the worst.
Chart suggests changes maybe working as the stock breaks multi year highs. The all time high of the stock registered during the IT boom of 2000 is a very long way away though.
Dhanuka – a company that had no news items worthy of report for a really long time suddenly caught the attention of traders as it has moved nearly vertically over the last few weeks. Today, the stock saw massive volumes and the stock ended below 50% of the days range. Seems a fit case of “Buying Climax” though time will tell whether this is the end of the current run or is this the start of a long term bull rally.
Here is the Top 10 Gainers and Losers on NSE. All stocks which were trading below 50 (Adjusted) as on 31-12-2012 were not included to ensure that penny stocks that show enormous gains do not fudge the picture.
t