Market Mantra: Spectacular Performance from Allied Digital Services
Allied Digital Ltd hits the buyer freeze in the mid-afternoon trade. I have asked all to buy the scrip around Rs.23-24 only some days back, if you remember, after I spoke with the sources and found some new developments in the company.
Today, Voltas Ltd touched Rs.128.90 before cooling down a bit. The stock was recommended around Rs.111 to the Paid Group members. The stock is now trading around Rs.120, is expected to move up in the coming days, as the season of the company is now going on.
IFCI Ltd today touched Rs.43.10 before cooling down a bit. This is a massive company and investors should use every dip to buy the shares of the company. The long term target of Rs.65-70 is still intact. The company has also ventured into real estate sector.
Prakash Industries Ltd hit 3rd consecutive buyer freeze in the opening trade. The Stock Exchanges should remove the 5% circuit limit (and increase it to at least 10%), which I feel is unnecessarily placed.
My recommended Dish TV Ltd touched 2nd target of Rs.66 today. The scrip was recommended aggressively at around Rs.57-58 both to the Paid Members and Free Members and also here in this blog.
Kohinoor Broadcasting Corporation Ltd (CMP: Re.0.74) has been rallying since the last couple of days. Today also it closed at the highest point of the day, indicating strong bullishness in the counter. Those like me who are holding the counter since a long time, could be rewarded in the coming days due to some positive developments both in the company and also in the sector. Shares of broadcasting companies surged quite sharply in the afternoon trade today after a business channel reported quoting PTI, that the government of Indian, may clear foreign direct investment (FDI) cap in broadcasting services. The government may also consider a proposal to increase FDI cap to 74% from current 49%. This is a great news for the share holders of Vision Corporation Ltd, which has also launched a Music Channel.
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| Chart of IFCI Ltd |
Prakash Industries Ltd hit 3rd consecutive buyer freeze in the opening trade. The Stock Exchanges should remove the 5% circuit limit (and increase it to at least 10%), which I feel is unnecessarily placed.
My recommended Dish TV Ltd touched 2nd target of Rs.66 today. The scrip was recommended aggressively at around Rs.57-58 both to the Paid Members and Free Members and also here in this blog.
Kohinoor Broadcasting Corporation Ltd (CMP: Re.0.74) has been rallying since the last couple of days. Today also it closed at the highest point of the day, indicating strong bullishness in the counter. Those like me who are holding the counter since a long time, could be rewarded in the coming days due to some positive developments both in the company and also in the sector. Shares of broadcasting companies surged quite sharply in the afternoon trade today after a business channel reported quoting PTI, that the government of Indian, may clear foreign direct investment (FDI) cap in broadcasting services. The government may also consider a proposal to increase FDI cap to 74% from current 49%. This is a great news for the share holders of Vision Corporation Ltd, which has also launched a Music Channel.
Yesterday, the market traded range bound with positive bias. Nifty made an intra-day low of 5279 and a high of 5331. Finally it settled at 5318 with a gain of 23 points. As expected, level of 5150-5200 provided strong support to market. Strong bounce back from a low of 5135 to a high of 5307 within two trading sessions clearly shows path ahead.
Correction seems to be over and uptrend is very likely to get stronger in the coming days, as was mentioned in yesterday's write-up. Long positions should be taken for a target of 5500-5600 keeping a stop of 5100.
Correction seems to be over and uptrend is very likely to get stronger in the coming days, as was mentioned in yesterday's write-up. Long positions should be taken for a target of 5500-5600 keeping a stop of 5100.
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