Thursday, October 03, 2013

Market Mantra
Allied Digital Services Ltd, which fell from an all time high of Rs.500 plus in 2008, today hit the upper circuits at Rs.20.15. There are some good news on the company, which will start coming up in the coming days.
Buy Dena Bank at Rs.47.60-47.70 , T-Rs.52, SL-Rs.46.50. Most of the Banks are doing fine in view of the appreciation of the INR (Rs.61.94) Vs USD.The Bank Nifty is now up 2.35 %.
Glodyne Tech Ltd, hit the buyer freeze in the opening trade at Rs. 7.77. The company is slowly streaming its operations. However, it will take some more time to cross Rs.50.
Manappuram Finance Ltd (Rs.14.93) could get Freezed at any time, in the BSE, as very few investors/ traders seems to be interested in selling. There are only around 16, 001 shares for selling in the BSE. Today it is already up 1.80% in the BSE. It is an NBFC and hence, when the bank stocks are moving up it should move up at double the pace. Meanwhile the gold prices are expected to move up in view of the uncertainty in the US. 
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