Market Mantra
As expected, market opened with gap-down yesterday and traded between 4990 and 5020 during first half of trade. Nifty made an intraday low of 4988. However in the afternoon sudden buying started pulling up the market and took Nifty to a high of 5124. Nifty which was trading with a loss of 90 points at one point of time closed with a net gain of 27 points.
Market is witnessing nerve shaking volatility. Both Bulls and Bears are trying their level best to take a control over it. In such a scenario, wild movements can be witnessed on both sides. However, Bulls may have an upper hand if Nifty starts trading above 5150, after a clarification on GAAR came from the government. Now with government speaking of Reforms and stress on growth, there is very little downside left in the market. Now FIIs have full one year, to take a look at the GAAR proposals, moreover, deferment does not guarantee its implementation after one year. May be after one year, the government might drop the proposal altogether or might take more time to draw its fine prints---so why think in the short term about an event which might come or might not come after one year. So, just start investing in the stocks which looks good at this point of time. The Sensex is now down more than 160 points (and Nifty more than 50 points) but I sincerely hope that with the active participation of the FIIs, the markets (Nifty--Spot) will close above 5100--or it might happen that we might close in the green as there are very little negative news in the markets. But one thing, when will this Finance Minister be removed from the post before he further damages the Indian economy. I do not know how a person who is a novice in the department, which he/she is representing, is made a Finance Minister of this great country!! Really sorry to say, but the truth hurts!!
Market is witnessing nerve shaking volatility. Both Bulls and Bears are trying their level best to take a control over it. In such a scenario, wild movements can be witnessed on both sides. However, Bulls may have an upper hand if Nifty starts trading above 5150, after a clarification on GAAR came from the government. Now with government speaking of Reforms and stress on growth, there is very little downside left in the market. Now FIIs have full one year, to take a look at the GAAR proposals, moreover, deferment does not guarantee its implementation after one year. May be after one year, the government might drop the proposal altogether or might take more time to draw its fine prints---so why think in the short term about an event which might come or might not come after one year. So, just start investing in the stocks which looks good at this point of time. The Sensex is now down more than 160 points (and Nifty more than 50 points) but I sincerely hope that with the active participation of the FIIs, the markets (Nifty--Spot) will close above 5100--or it might happen that we might close in the green as there are very little negative news in the markets. But one thing, when will this Finance Minister be removed from the post before he further damages the Indian economy. I do not know how a person who is a novice in the department, which he/she is representing, is made a Finance Minister of this great country!! Really sorry to say, but the truth hurts!!
Sanguine Media Services Ltd hits another buyer freeze in the opening trade. The stock could be moving towards Rs.10, in the coming days.
Today, my recommended Unitech Ltd touched Rs.23.25, before cooling down a bit. The real estate stocks should do well in the coming days.
Today, a brokerage house recommended Lanco Infratech Ltd at Rs.13.75, T--Rs.16, SL--Rs.12.20. I have given a target of Rs.19 for the scrip, as some positive news is coming in the company. The company last month announced that Lanco Solar, a fully owned subsidiary of Lanco Infratech Ltd--the fastest growing business conglomerate in India, with interest in EPS, Power, Solar, Resources and Infrastructure, announced that it has completed a total 56MW Grid connected Solar Photovoltaic Power Plants in Gujarat. For more please CLICK HERE. Some of the provisions of the budget 2012-13 is positive for the solar energy sector.
Kohinoor Broadcasting Corporation Ltd recommended yesterday strongly in the Yahoo Group, SumanSpeaks, hits the buyer freeze. Congratulations to those who are holding the scrip or bought the scrip during the last few days on my recommendation, this could be another Sanguine Media Story, with Channels already launched and Solar Energy Projects coming in the next year.
State Trading Corporation Ltd recommended around Rs.255-256, yesterday, touched Rs.282, today in the opening trade. The stock cooled off a bit, after the Paid Members were suggested to book some profits in the counter.
Kohinoor Broadcasting Corporation Ltd recommended yesterday strongly in the Yahoo Group, SumanSpeaks, hits the buyer freeze. Congratulations to those who are holding the scrip or bought the scrip during the last few days on my recommendation, this could be another Sanguine Media Story, with Channels already launched and Solar Energy Projects coming in the next year.
State Trading Corporation Ltd recommended around Rs.255-256, yesterday, touched Rs.282, today in the opening trade. The stock cooled off a bit, after the Paid Members were suggested to book some profits in the counter.
No comments:
Post a Comment