Wednesday, November 07, 2012

Market Mantra
Reliance Communications Ltd touched Rs.58, in the intra-day trade. Please book some profits  here (especially those who are risk averse investors, as the company is coming up with results on 8th November, 2012) and wait for it to come down a bit to buy again. Or you can buy two stocks almost in the same field which looks a bit attractive: 
(i)  Buy Tulip Telecom Ltd at Rs.39.30, T--Rs.45, SL--Rs.37
(ii) Buy Onmobile Global Ltd at Rs.42.30, T--Rs.47, SL--Rs.41. 
After the win of Barrack Hussein Obama, I am bullish on IT, Telecom, Textiles and to some extent on Auto and Auto ancillary stocks.  
There is no stopping of SEL Manufacturing Company Ltd after the Paid Groups, were suggested to bulk of the scrip, as the company is doing excellently well.  Today it already touched Rs.5.90, and is moving up with huge volumes.
Exit out of Shree Asthavinayak Cine Vision Ltd at Rs.2.36--2.38, as offlate there are some problems going on in the company and till 20th November, 2012, I do not see any hope for those problems to get sorted out. Therefore, best option is to exit at the cost price or a little profit, and invest in more happening ones.