Tuesday, April 24, 2012

Market Mantra
Yesterday, buy call on Nifty proves to be correct as the Nifty reverses trends and threatens to break 5270--5300 mark once again. Those who have bought Nifty yesterday on my recommendations, congratulations to them.Today is "Akshaya Trithiya", an auspicious day to buy GOLD. On this occasion the Indian Stock Exchanges have waived off the transaction charges for all trades in GOLD ETFs. One can purchase GOLDBEES, KOTAKGOLD, RELGOLD etc... in secure Demat format.
Also, On the auspicious occasion of "Akshaya Trithiya", Extended Trading in GOLD ETFs would be taking place between 4.30 PM & 8.00 PM today. Happy Akshyaya Trithiya" to all of you and your families/friends.
Heavy buying is seen in Suzlon Energy Ltd today as the scrip is moving up with good volumes. It is now trading at Rs.22.65, with a positive bias. The company which has an order book of around Rs.39, 000 crore cannot trade at such dismal price. Moreover, this huge back-log of orders are to be executed with the FY13--Fy14 period, Hence, these two fiscals are expected to be money spinners for Suzlon Energy Ltd. Also, the depreciation of the INR against the USD is positive for the company as it gets a large section of its revenue from its overseas operations (REpower). So, Suzlon Ltd at the CMP of Rs.22.65 is a clear buy.
Sanguine Media Services Ltd hit the 3rd consecutive buyer freeze in the opening trade. Yesterday, I had mentioned in Yahoo Messenger, that I am hearing some positive murmurs on the company. It seems those positive whispers are correct. It that be so, then we could see some more continuous buyer freezes in the coming days, in Sanguine Media Services Ltd. 
Buy Hindalco Industries Ltd at Rs.121-122, T-Rs.127, SL-Rs.117. Moreover, with International ALUMINIUM BRAZIL, which will take place from 24 to 26 April 2012 as part of EXPOALUM√ćNIO, Reed Exhibitions is intensifying its event activities in the world's most important regions for the aluminium industry.
Koutons Retail Ltd came up with compartively good Q4FY12 results. The stock (CMP: Rs.9) could hit the buyer freeze today...........Keep watch....!!
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