Market Mantra

Excerpts of my morning mail to the Paid Service members: As expected, market traded with a weak bias yesterday. A gap down opening was followed by a range bound and dull trading session. The  Nifty traded within a narrow range of about 20 points for entire day between 4890 and 4910. However, last hour buying during expiry pulled it to 4950 level, finally settling at 4924 with a net loss of 26 odd points.
Nifty has lost 315 points within a month. This itself shows...........(For Paid Members)......XXX level is giving support......Chances of a rally to 5125-5150 level cannot be ruled out in this week. The Nifty could fall back to 4865-4850 levels, before starting to move up again. Till now, HANG SENG INDEX & CHINA SHANGHAI COMPOSITE are trading in the GREEN. Yesterday, both the FTST & CAC also closed in the GREEN.
The CONTRA TRADERS can get into Nifty longs around 4850--4830 (if it falls around this  levels) for a target of 4900--4930.  
Mid afternoon call to the Paid Group members: Premium Members buy Mini_Nifty at 4857, T--4930, SL--4820-4800 (exit). The first target of Nifty short has been achieved and the Paid Members were asked to book profits. 
Please, keep accumulating Sintex Industries Ltd (Rs.52.50) and Prakash Industries Ltd (Rs.47.50). If the RBI goes in for a rate cut in the June, 2012 meet, then the stocks in the construction will be benefited the most. Also, the stage is all set for the rate cut, as I think with this kind of GDP numbers, inflation is sure to fall below 7%.