Market Mantra
Buy J P Associates Ltd above Rs.60.70, T-Rs.63, SL--Rs.59.80. The stock has more or less formed a bottom of sorts and should give short term bounce.
Lanco Infratech Ltd is holding the current levels, before the results of the company at the end of this month. Recently, there are some favourable news in the company and I think it should move up, if the markets does not tank.
Also, I am surprised to see the stock of Reliance Industries Ltd coming down to Rs.680, but on the contrary it would be one of the biggest beneficiaries of the depreciation of the INR against the USD. I equally dismayed to see this private sector behmoth, trading at such a low price. I think the stock should be accumulated after it stabilizes, I find not justification of its fall to such levels.
Prajay Engineers Syndicate Ltd today touched Rs.6.35, before coming down a bit. Use the dips to accumulate the shares of the company.
Now it is confirmed that the Nifty is moving towards 4950 (Spot)....buy in Futures corresponding to this price.....you can alternatively buy 5200 Nifty call at 9.5, T--Rs.13, SL--Rs.5.
Also, I am surprised to see the stock of Reliance Industries Ltd coming down to Rs.680, but on the contrary it would be one of the biggest beneficiaries of the depreciation of the INR against the USD. I equally dismayed to see this private sector behmoth, trading at such a low price. I think the stock should be accumulated after it stabilizes, I find not justification of its fall to such levels.
Prajay Engineers Syndicate Ltd today touched Rs.6.35, before coming down a bit. Use the dips to accumulate the shares of the company.
Now it is confirmed that the Nifty is moving towards 4950 (Spot)....buy in Futures corresponding to this price.....you can alternatively buy 5200 Nifty call at 9.5, T--Rs.13, SL--Rs.5.
Sanguine Media Services Ltd hit another buyer freeze today before coming down a bit. There are restructuring going on in the company according to my sources.
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