Monday, February 25, 2013

MARKET MANTRA: ONLY BUY
Glodyne Tech Ltd hit 5th consecutive buyer freeze in the opening trade. I have mentioned earlier why the stock is hitting circuits and what are its future prospects. Locked at the UC at Rs.17.05. 
The Free Sell Call on PVR Ltd gave enough returns to the investors intra-day, as the stock touched Rs.229.30 intra-day. The Sell Call was initiated at Rs.266. Those who made money, congratulations to them. Keep visiting this blog and stay ahead of others. 
There is absolutely no reason to sell the shares of Kingfisher Airlines Ltd as the company is making all preparations to start the airlines from the end of the next month. Hence, any dip should be used to accumulate the counter. At the current moment it is locked in the LC at Rs.11.30. Good news is expected of the United Spirits--Diageo Ltd deal and there is no reason to panic in U B Holdings Ltd (CMP: Rs.57.45)---the scrip is now over reacting or some operators might be playing it on the downside. 
Lok Housing Ltd hit another buyer freeze at Rs.20.25, while IRB Infrastructure Ltd (CMP: Rs.119) is also moving up. This budget will be positive for the infrastructure counters as the government would look for growth. 
The Paid Members and  those who are holding, trading accounts with my recommended brokerage house were today, given a buy on Nifty  (Spot) at 5832, the Nifty is now at 5862, a rally of around 30 points---not bad for intra-day Nifty play. 
Today, a Buy Call was initiated on Ranbaxy Labs Ltd at Rs.426, for a target of Rs.470--490. The stock is now trading at Rs.429. I hope most of the Paid Members, who have some cash in the kitty could buy the counter. 
In another major developments, there are media reports that JAIPRAKASH POWER LTD will Will raise an additional Rs.9.5 bln through a QIP issue. Buy Jai Prakash Associates Ltd at Rs.68--69.