Monday, March 25, 2013

Market Mantra
Tulip Telecom Ltd as expected hit the buyer freeze in the opening trade. The stock has to some abnormal levels and a V--shaped recovery is expected in the coming days. 
Morning Call B F Utility Ltd at Rs.202-2-3, is doing well as it touched Rs.205.7 intra--day. This is the gist of the call given in the morning: Buy B F Utility Ltd at Rs.202--203, T--Rs.240--272, SL--Rs.185. One of the major gainers of the Union budget, 2013-14 is the wind energy sector, with Finance Minister P. Chidambaram announcing the reintroduction of the Generation Based Incentive (GBI). A sum of Rs.800 crore is to be provided to the Ministry of New and Renewable Energy (MNRE) for this purpose. B F Utility Ltd as has been mentioned a number of times earlier is a major player in this sector.
The Sugar Decontrol issue is likely to be taken up in the 1st week of April, 2013 and hence we can look forward for short term buoyancy in this space. Buy Shree Renuka Sugars Ltd at Rs.22.70, T--Rs.25, SL--Rs.22.
Southern Online Bio Tech Ltd, as expected hit the buyer freeze. I have been repeatedly asking all to buy the scrip for a target of Rs.10-11. Any diesel price hike is positive for the stock as the company is into the making of bio--diesel. 
IVRCL Ltd recommended around Rs.19, last Friday, today touched Rs.19.90. I heard this has now been recommended by a marketman on a business channel for a short term target of Rs.22-23. 
As expected and as suggested to Paid Service members, the Nifty_Futures is likely to surge ahead to 5740, in the coming days, taking cues from both the Fundamental and Chartical factors. Meanwhile in Asia, the Indices surged today as Cyprus and European Union leaders reached on a revised agreement to bailout the former. The US Indices ended higher Friday on expectations that Cyprus will come out with an acceptable plan to qualify for a bailout by the European Union.
Therefore, Fundamentally speaking too, the Stock Indices are expected to trade firm as Cyprus clinched a last-minute agreement with European Union leaders to receive a bailout package. However, rollover of positions to the April series ahead of expiry of March futures may keep action stock-specific. Aggressive traders can go for Nifty longs, for the targets mentioned above.