Market Mantra
My Recommended Jai Corporation Ltd touched Rs.70.65 today. The investors should now look for a target of Rs.77-78 in the coming days.
Vikash Metal and Power Ltd hits another buyer freeze at Rs.1.50. But should we stay invested or book our profits and exit the counter.
Speculative buy Southern Ispat Ltd (BSE Code: 531645) at Rs.3.50, T--Rs.6, SL--Rs.2.70.
Reliance Power Ltd today touched Rs.102.80. There are lot of good news coming in the counter.
My recommended Shree Renuka Sugars Ltd today touched Rs.35.90 today. My first target was Rs.37, if you remember. The scrip was recommended some weeks back at Rs.31--31.50.
Excerpts of my morning mail to the Paid Service Members: The Indian market took some rest on last Friday, after the historic event in the Rajya Sabha. Nifty opened in
a positive note, though it closed in negative with a loss of 23 points.
However, the market remains strong above 5800 and is expected to trade with positive bias. This is seen in the morning trade too as the bears are finding increasinly difficult to pull the indices down inspite of Nifty is near its all time high...
Shares may continue to out perform at individual levels. The point to be noted is that more then 250 points rise in last week, followed by 27 points of rise shows nothing but resumption of a strong uptrend after an intermediate corrective phase. Nifty has closed above this stiff resistance zone after a couple of years, which gives lot of ammunition to the BULLS. Nifty remains strong above 5800. The investors/traders can continue to hold on to their long positions, with a SL at 5800 (Spot) of Nifty.
Investors
should accumulate Gammon India Ltd at Rs.40.40--40.60, T--Rs.52,
SL--Rs.37. With a interest rate cut on the anvil, I am expecting most of
the stocks in the construction space to do well. Moreover, in a recent
devepment, the trust that runs Mormugoa port in Goa, approved Gammon Infrastructure Project Ltd's (a group company) bid to mechanise a berth to handle imported coal.However, the market remains strong above 5800 and is expected to trade with positive bias. This is seen in the morning trade too as the bears are finding increasinly difficult to pull the indices down inspite of Nifty is near its all time high...
Shares may continue to out perform at individual levels. The point to be noted is that more then 250 points rise in last week, followed by 27 points of rise shows nothing but resumption of a strong uptrend after an intermediate corrective phase. Nifty has closed above this stiff resistance zone after a couple of years, which gives lot of ammunition to the BULLS. Nifty remains strong above 5800. The investors/traders can continue to hold on to their long positions, with a SL at 5800 (Spot) of Nifty.
Reliance Power Ltd today touched Rs.102.80. There are lot of good news coming in the counter.
My recommended Shree Renuka Sugars Ltd today touched Rs.35.90 today. My first target was Rs.37, if you remember. The scrip was recommended some weeks back at Rs.31--31.50.
