Market Mantra

Buy Steel Authority Of India Ltd (SAIL) at Rs.68-69, T--Rs.82, SL--Rs.65. There are speculation in the Wall Street, that the Federal Reserve will continue stimulus measures, this is expected to re-kindle the bullish view on metal counters. Also, with a gradual cut in the interest rate the demand for steel is expected to increase.  Now in the recent budget, the government has said, that 3000 kms of road projects in Gujarat, Madhya Pradesh, Maharashtra, Rajasthan and Uttar Pradesh will be awarded in the first six months of 2013-14. The government will also, look to build roads in North eastern states and connect them to Myanmar with assistance from WB. This augurs well for construction companies and hence the demand for steel is expected to increase. The steel is used for making bridges, dams, sewerage systems, etc. or for construction works.  CLICK HERE. 
Reliance Communications Ltd recommended at Rs.62, touches Rs.63-20 today.  There were some positive media reports, off-late. CLICK HERE.  
Buy Voltas Ltd for a short term target of Rs.87. The company is doing exceptionally well if the financials are to be believed. SL--Rs.75.