Thursday, October 10, 2013

Market Mantra
The market had strong rally yesterday. Nifty opened with a gap down and went down to 5877 but sustained buying during the day pulled Nifty up to a high of 6015. There was total absence of any intra-day correction. Finally Nifty settled at 6007 with a a gain of 79 points. 
Market is witnessing extreme volatility which is making predicting future moves difficult. However, from the morning t. However, ball remain the court of the Bulls as they have managed to hold the level of 5800-5900 with strength, till now. 
Resistance: XXX  / XXX (For Paid Members)
Support: XXX / XXX (Paid Members)
Nifty_Futures Trading Strategy: For the Paid Members
Today's Call: Speculators can buy Kavveri Telecom Ltd (BSE Code: 590041) at Rs.29, for an immediate target of get of Rs.34-35. You can keep a SL of Rs.25.70. It's 21DSMA> 50DSMA--this shows the bulls have started to take interest in the scrip. Kavveri Telecom is a global solution provider of telecom infrastructure and wireless products. In the same space, Tulip Telecom Ltd has already hit the buyer freeze, though the work profile of the former is a bit different than the latter, though both of them are in the Telecom Space. CLICK HERE.
ARSS Infrastructure Projects Ltd hits another BUYER FREEZE. Now you can go on counting upper circuits on is way to half century (Rs.50). The book value of the shares of the company is Rs.238.63 which is more than 10 times the current share price of the company, CMP: Rs.21.85. 
Dena Bank Ltd today moved to Rs.49.65. The scrip was recommended yesterday at Rs.48.50. This scrip is good for the long term bet. 
My Recommended Everonn Education Ltd hit the buyer freeze in the opening trade at Rs.31.65. The scrip was recommended last week around Rs.29. 
JMC Projects Ltd recommended yesterday, at Rs.66, today touched Rs.70.50. Most of the construction stocks should do well post monsoon.