Friday, March 30, 2012

Market Mantra
Target Achieved in Mini_Nifty futures, LTP--5312, long of 5220 given a couple of days back..In the yesterday's write up too, bullishness was mentioned in this blog. Now what next? What is the next target of Nifty Futures? Ask the Paid Service members!!
Dish TV Ltd recommended around Rs.57-58 touched Rs.62.60 today. Book some profits in the counter and enter the Bank stocks or Banking counters. 
Reliance Industries Ltd moved to Rs.736.90 in the morning trade and is now trading around Rs.736. If you remember, yesterday a buy call was initiated in the counter at around Rs.728, with target of Rs.145--160.
Mid afternoon call to the Paid Services members: buy Voltas Ltd Rs.111, T--Rs.130, SL-Rs.98. This is a positional call. The season of the company has started. 
IFCI Ltd moved to Rs.41.90 in the early afternoon trade, and is now threatening to break the Rs.47-49 mark and move towards the target of Rs.65-70, in the coming days. If you remember or regular readers of my blog would recollect that I have been aggressively recommending the scrip since some time. I think the scrip is highly undervalued at the current price and should perk up in the coming days. I have long back placed a report on the company, which shows how mammoth the company's operations are!! Click Here.
The morning call to the Paid Service Members: Buy Central Bank at Rs.96, T-Rs.100-103, SL-Rs.92. This is both a day and a positional call. It is a very old bank. Buy all the Bank Counters. The mid-afternoon call to the Paid Service Members: Buy Indian Overseas Bank Ltd at Rs.93-93.5, T-Rs.99, SL--Rs.91.4.

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