Market Mantra

Kohinoor Broadcasting Corporation Ltd hits buyer freeze in the opening trade. The stock should be moving towards Rs.2-3 in the coming days, as the company is slowly expected to get revenues from its television channels. It is now confirmed that Kohinoor Broadcasting Corporation Ltd is running KBC News on cable network. The much sought after advertising revenues have started to come, though albeit slowly. Moreover, since it is also a content company and hence it is saving cost by making some of its own television programmes. More, news to come in the counter, please accumulate the scrip at Re.0.79.

Buy Reliance Communication Ltd at Rs.66-66.50, T--Rs.72, SL--Rs.62. TDSAT has directed the DOT to not encash bank guarantees of the company and of Reliance Telecom until the Jul 4 hearing of the case on penalty imposed on the companies for allegedly not having proper subscriber verification. This is positive for the Reliance Communications Ltd, as it is hopeful of winning case.
Buy Mini_Nifty at 4933, T--5000, SL--4900. The Nifty is expected to move towards 5200 in the coming days. Hence one can buy 5200 call at Rs.11-13, T-Rs.25.  
Jai Prakash Associates Ltd recommeneded yesterday at around Rs.60.70, reached Rs.62.35 today, in the morning trade. The 2nd target for the scrip is Rs.67.