Tuesday, December 11, 2012

Market Mantra
Twilight Litika Pharma Ltd hits another buyer freeze in the opening trade. The scrip was recommended around Rs.10.27 some days back.
Speculative scrip, Southern Ispat and Energy Ltd (BSE Code: 531645) moves up by 7.45% today in the morning trade, on the news that the company is in advance talks to acquire 50% stake, in Buxwaha Iron Ore mine spread over 150 Hectares in Chattarpur area of Madhya Pradesh, India.The mining division has its iron ore operations in the mineral rich Chattarpur belt of Madhya Pradesh. The mines have a substantial resource base of superior quality iron ore with high Fe (iron) content and bulk density. The Fe (iron) content varies between 63 % to 66 %, which makes it one of the best quality materials available in the country. SIEL is also planning to set up a Beneficiated & Pelletizing plant with an installed capacity of 12,00,000 TPA in area of Gujarat, India for Agglomeration of beneficiated and ground iron ore into spherical shaped green balls and subsequent heat hardening them, termed as Pelletizing.
Suzlon Energy Ltd today touched Rs.19. I  had mentioned in a  number of mail as why the scrip looks attractive. 
Speculative Scrip Vikash Metal and Power Ltd hits another buyer freeze. This is the 4th consecutive buyer freeze the scrip has been hitting. The scrip was recommended some weeks  back at  Rs.1.20--1.34. Improvement in the outlook of the steel sector is bringing in bbuoyancy to the stocks in this sector.
My recommended Gammon India Ltd moves to Rs.40.70, in the opening trade. This is a must buy stock for every investor. CMP: Rs.40.
Markets were range bound yesterday between 5890 and 5915. Nifty made an intraday high of 5920 and low of 5888. It finally settled at Rs.5909 with a nominal gain of 2 points. However, PSU Banking stocks outperformed the market.
Market remains strong above 5800 and is expected to maintain its momentum, with occasional bouts of profit booking. However, shares may continue to outperform at individual capacity and we are watching this in todays' trade too, as both Twilight Litika Pharma Ltd and Southern Ispat and Energy Ltd are doing fine. More than 250 points rise in last week, followed by 27 points of rise this week, indicates a strong uptrend after an intermediate corrective phase. Nifty has closed above this resistance after, couple of years which is clear sign of strength.Nifty (spot) is now at 5872 and Nifty_Futures at  5905 which is expected to improve as we move towards close.
Resistance: 5950/ 6000 (spot)
Support: 5900/5870 (Spot)