MARKET MANTRA: RBI CREATES HISTORY, BECOMES LESS HAWKISH

A buy call was initiated in Mini_Nifty to the Paid Service members with a target of 5350--it touched 5320. What is the next target for Nifty? Join the Paid Service and know...This time I am right in my assessment that the RBI would ultimately go for a rate cut and will keep the CRR intact. Exactly the same thing happened....Huh!!

GATI Ltd touched Rs.36.95, after it was recommended by a well known analyst on one of the Business channels. If  you remember, some days back I had given a buy on GATI Ltd at Rs.33-33.50.

IFCI Ltd today touched Rs.42.50 and Central Bank Ltd, Rs.105.80, respectively. If you remember, Central Bank Ltd was recommended at Rs.97-98 almost a week back. Today's rate cut would bode well for all the Banking counters. 

Also, keep adding Prajay Engineers Syndicate Ltd (Rs.8.10) on all declines. The stock would cross Rs.100 in the near future. Now with home loans becoming cheaper, the real estate counters like Prajay Engineers Syndicate Ltd is expected to shoot up in the coming days.