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Friday, December 07, 2012

Market Mantra
Excerpts of my morning inptus to the Paid Member and also to those who are holding accounts in my recommended brokerage house/s
Twilight Litikta Pharma Ltd hits the buyer freeze in the opening trade. The scrip was recommended yesterday as a must buy. 
Buy Gammon India Ltd at Rs.41--41.25, T--Rs.48, SL--Rs.38.40. This is one of the scrips in the infrastructure sector, which gives a steady return over a period. Most of the stocks in the infrastructure sector are doing well and this should also give steady returns over a period as it is on a major uptrend.
The investors are suggested to take positions in Suzlon Energy Ltd once again at around Rs.19 and hold for a target of Rs.22. The scrip has long consolidated around the current ranges and should now break out of the current trend.
Buy Prakash Industries Ltd at Rs.51.70--52, T--Rs.60-62, SL--Rs.46. Most of the steel counters have started to do well on optimism from China. Hence buy this scrip. Those who are holding Jai Corp Ltd are expected to keep holding as the scrip could be touching Rs.71-72, in the coming days.
Please book some profits in Reliance Power Ltd at around Rs.102--102.45 and wait for it to close above Rs.102, to take fresh positions for a target of Rs.106--107-111. The scrip could consolidate around the current ranges before moving up.
Those who are holding Tulip Telecom Ltd should accumulate the scrip in all declines. The scrip  hit the buyer freeze today, before cooling down a  bit.
If it came out of the circuits today, then it is time to buy few more and keep holding.
Now what should one do with Nifty_Futures? Any view? Join my Paid Service or my brokerage house to be ahead of others.