Wednesday, March 20, 2013

Market Mantra
Buy Nifty_Futures_March at Rs.5720, T---5760, SL--5700. It seems the situation is much fluid now and the things will improve as the day progresses.  Regarding the domestic issues, there is as such no problem with the stability of the company as of now, since the government has said it would take up the genuine issue of Tamils in Sri Lanka in a strong way. Also, Cyprus is a very small country to have its influence in the global financial landscape. We are unnecessarily spending our time on Cyprus issues---it does not deserve worth for consideration, especially by coutries like India. Hence, I feel for the time being this correction is over. 
According to my close sources, the CDR Scheme of Tulip Telecom  is expected to get approved within the next 7-8 days.  The company officials would meet with the banks one more time to get their final nod. Hence, we need to wait for 7-8 days for the real, real good news to come. There is as such no problem with the business model of the company. It has more than one million square feet of data centre space across Mumbai, Kolkata, Bangalore and Delhi. The revenue has started to come in from this space, though full potential would be seen in 2014, when the projects would get completed. Once the CDR gets approved much of its liquidity issues will get solved and we could see a sharp upward movement of the share price. CMP: Rs.9.60.