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Tuesday, May 14, 2013

Market Mantra
Tulip Telecom Ltd hits the buyer freeze in the mid-afternoon trade. The company has an enviable business model and it is pity that the scrips are available at such dirt cheap price. CMP: Rs.16.70. I would like to reiterate again that it would be difficult for you to make money only following this blog, as there are lot of things which needs to be taken into consideration, during the market hours, which is not possible to upload in this blog at this moment. Therefore, join either the Paid Service or you can Join my recommended brokerage house/s or allow me to trade on your behalf in your account to get maximum gains. If you are looking forward to minimizing your losses then you can think of joining my service at the earliest. The markets are moving up and this is the time to make maximum money.
Buy United Bank of India Ltd at Rs.57--57.50, T--Rs.65-66, SL--Rs.55. The Q4FY13 of the company is though not too good, but this kind of results were anticipated and is factored in the current price. The net profit got a hit due to higher provisioning, which is more than double on Q-o-Q basis. However, this is expected to come down in the coming days. Having said, that I would like to say, that non--risk taking investors can try Central Bank Ltd at Rs.69-70, T--Rs.76-77, instead of United Bank of India. Also, with April inflation hitting a 41-month low of 4.89% vs 5.96% in March, the stocks in the banking and construction sectors (basically EPC companies, Eg. A2Z Maintenance and Engineering Services Ltd) are expected to do well in the coming days. The inflation targeting is more or less now over, and we can now look forward for a more expansionary economic goals.
Yesterday's trade was very much in line with expectation. The markets got a jolt at the resistance of 6100  resulting into straight fall of Nifty_Spot to 5973. Finally it settled at 5980 with a net loss of 127 points. However, uptrend being intact, Nifty may find support at sundry levels among which 5950--6000 and 5920 are important. Today, since the morning trade the Nifty_Spot is trading firm, though it dipped slightly in between due to strengthening of the USD against the major currencies. As long as the Nifty_Spot trades above the levels mentioned earlier, it will be a great relief for the bulls. The traders can take long positions, with  a SL in 5920--5900 ranges. The correction was healthy and was needed after such a fierce upmove. Buy the stocks in the Banking, Construction, and Auto Sectors. The RBI is expected to for a CRR cut in the next policy meet and this would be positive for all the sectors mentioned above. Every dip should be used as a buying opportunity.  Nifty_Spot is now trading at 5994, but it is expected to close above 6000.