Friday, October 11, 2013

Market Mantra
The Nifty traded with a positive bias yesterday. Although it was more or less a dull session, however, the Nifty hovered between 5980 and 6030 almost for entire trading period. At end it it settled at 6020, up 13 points. 
The ball still remains in the court of Bulls as not only they have managed to hold the level of 5850-5920 levels with strength but have also able to give a close above 6000 mark (Nifty_Spot); which was a great psychological barrier in earlier trading sessions. Now today, with Infosys Ltd coming up with better guidance, and positive news coming from the US, the market is likely to trade in the Green in the remaining hours of the days. The traders are suggested to close all the short positions and go for Nifty_Long specially on the news that Dr.Janet Yellen would be the next Fed Chief, in the US.
Resistance: 6090 / 6150
Support:  6000 / 5970
Kavveri Telecom Products Ltd as expected hit the buyer freeze in the morning trade. The stock is locked at the upper circuits at Rs.30.60. I am being told by my sources, that there are rumours that there is probably a high level meeting going in the company. 
ARSS Infrastructure Ltd hit the buyer freeze in the opening trade. However, looking at the moment of the scrip today, the Paid Members and those who are trading through my recommended brokerage house, were asked to book profits and shift to Everonn Education Ltd at Rs.32.70, which is also expected to hit the buyer freeze today. Now Everonn Education Ltd is a Rs.10, face value scrip which is trading at Rs.32.70, while in the same space, Educomp Solutions Ltd having Rs.2, face value is trading at Rs.21.95 (which means Rs.109.75). Now tell me which scrip will you buy, if a choice is given between Educomp Solutions Ltd (Book Value: Rs.162.15, Market Cap: Rs.269.37, Face Value: Rs.2) and Everonn Education Ltd (Book Value: Rs.188.52, Market Cap: Rs.72.17, Face Value: Rs.10)...?
Glodyne Tech Ltd, Tulip Telecom Ltd and Geodesic Ltd hit their respective buyer freezes. Glodyne Tech Ltd is no where near the target.
Dena Bank Ltd and Yes Bank Ltd moved to Rs.50.45 and Rs.352 today. If you remember Dena Bank Ltd was recommended this week around Rs.48.50 and Yes Bank Ltd in last week at Rs.310. Both the scrips gave decent returns to the investors in the short time. 
Special Festival Offer: Those who will join the Paid Service within 31st October, 2013, will get it at Rs.6000 (instead of Rs.7000). Moreover, now those who have a porfolio size of only Rs.1 lakhs (from earlier Rs.2 lakhs) can join my recommended brokerage house/s and get the Paid Service Free of Charge. So, Hurry Up!! For details please send me a mail at: or