Wednesday, February 13, 2013

Market Mantra
Crest Animation Studios Ltd freezed in the morning trade. Those who sold yesterday, should be now sucking their  fingers. 
Jai Prakash Associates Ltd moved to Rs.74.90, before cooling down a bit. A well known brokerage house has given a buy for the scrip, with a target of Rs.103.
Opto Circuits Ltd today touched Rs.71.40, before cooling down a bit. Did you see the Q3FY13 results of the company? 
Unless the government acts fast the markets would CRASH--the mid and small caps are already crashing. There is infact a mayhem going on the markets. The Nifty and Sensex are up because of "Index management" by the FIIs and other groups, to give a feel good factor for the government. There is infact no rally in the market; the rise in the large caps masks a broader weakness  in both the BSE and NSE. There is an absence of both the retail participation and DIIs. Nifty (spot) is now at 5926.