Best Share for Positional Trading By Technical Expert ( 6 Oct 2017)

Research Head (MONEY MAKER RESEARCH & INVESTMENT ADVISOR PVT LTD) is Advice to all Investor's you can Buy MARKSAN for Positional Investment.

“MARKSAN is the stock which I would suggest to buy above 49.20; this can see upside to levels closer to Rs 51 - 52 zones, keep stop loss below Rs 46”.

Stock has traded higher than 5 day, 20 day, 50 day, 100 day and 200 day moving average & Outperformed Sector by 1.99%.

MARKSAN was closed 4.24 percent up today at 47.90 at NSE.

GNFC Share Technical Wrap for Tomorrow ( 5 Oct 2017 )

Research Head (MONEY MAKER RESEARCH & INVESTMENT ADVISOR PVT LTD) is having a view that one can go long in GNFC.

“GNFC is the stock which I would suggest to buy above 375; this can see upside to levels closer to Rs 390 - 395 zones, keep stop loss below Rs 352”

Price has risen by 7.81% and Vol has risen by 158.81% (Vol compared with 5 day avg vol till 04:00 PM).

Stock has been gaining for the last 5 days and has risen 23.41% in the period & Outperformed Sector by 6.31%.

GNFC was closed 7.64 percent up today at Rs 369.20 at NSE.

Indian Energy Exchange IPO to open on 9 October

Indian Energy Exchange Ltd’s (IEX) IPO is all set to open for subscription from 9-11 October. The IEX has set a price range of Rs 1,645-1,650 per equity share of face value Rs. 10. It is expected to garner Rs. 1000.73 crore from the offer at the upper end of the price band by selling 60.65 lakh equity shares. The floor price of the shares is 164.5 times the face value and the cap-price is 165 times of the face value. 

The IPO will see a sale of 60,65,009 equity shares by existing shareholders which included Tata Power Company,  private equity arm of AB Group, Madison India Capital and Multiples Alternate Asset Management. IEX is India’s first power exchange providing automated trading platform for electricity and renewable energy certificates.