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Monday, April 15, 2013

Market Mantra
Excerpts of my inputs to the Paid Group Members and those who are trading through my recommended brokerage house: Nifty opened with a down side gap on Friday and settled at 5528 with a net loss of 65 points. However, it the fall was primarily due to price crash in the shares of Infosys Ltd. Bank and  sugar were in demand. The point to be noted is that Nifty Junior closed with a gain of 71 points, while Nifty's loss of 24 points last week, was more due to 20% fall in the price of Infy. So, the real issue is the case of Nifty Junior which made a gain of 1.4% last week. Also, what is to be noted is that inability to break 5475 mark on the downside despite Infy's crash is a sign of strength. Rally can be expected ahead. Today, now we are watching witnessing the same. We can hope for a channel break out  on the upside in the later part of the day. Nifty_spot is now trading at 5517. 
Tulip Telecom Ltd hits the Upper Freeze in the opening trade at Rs.13.29. The stock was repeatedly recommended in this blog, for bigger upsides in the coming days. 
The Morning Call Allahabad Bank Ltd at Rs.128, saw it touch Rs.131.40, intra-day. Also, looking good is UCO Bank Ltd at Rs.62 and IVRCL Ltd at Rs.19.50. I had earlier asked all to buy the stocks in the Banking and Infrastructure spaces as any rate cut by the Reserve Bank of India, would have positive effect in the stocks of this sector. With inflation declining to below 6 per cent in March after over three years, Planning Commission on Monday exuded confidence that the price situation would improve further in the coming months. “The fact that this is the first time (in over 3 years) it is below 6 per cent, is very important and I hope that we will continue to see that often”, Commission’s Deputy Chairman Montek Singh Ahluwalia told reporters in New Delhi. Declining price of vegetables pulled down inflation to 5.96 per cent in March. Inflation based on the Wholesale Price Index (WPI) stood at 6.84 per cent in February. In March, 2012, it was 7.69 per cent. The 5.96 per cent March-end inflation is much lower than Reserve Bank’s projection of 6.8 per cent.
Kingfisher Airlines Ltd hit the lower circuits today, due to delay in getting permission from the DGCA, but these things do take a little time, but ultimately the we would see the light at the end of the day, as the company has put up a credible plan. Also, even if AAI does not give permission to fly it can start its operation from the privately managed airports.