Tuesday, December 31, 2013

Market Mantra
Nifty is continuously getting support around 6270-6280 ranges during the day. It is to be noted that the Nifty has settled 187 points higher in December, expiry. The uptrend remains intact and long positions could be HELD. 
Resistance: 6310 / 6350
Support: 6270 / 6220
Today's Call
Buy Reliance Power Ltd at Rs.73.10, T-Rs.81, SL--Rs.69. The CBI has closed its preliminary enquiry into the alleged irregularities in coal block allocation for the company's ultra mega power project in Sasan, Madhya Pradesh. Moreover, the government may separate forest clearance for coal block from the environment nod to the overall project to speed up Odisha ultra mega power project. CLICK HERE
Those who have bought Rolta India Ltd yesterday at around Rs.17--17.30, should consider buying more of the scrip on every decline. It will give super and steady returns over a period. Centre plans to allow FDI in e-commerce before March, 2013. CMP: Rs.67.70.