Market Mantra

Excerpts of my morning mail to the Premium Group Members: In 2013, CNX Nifty appreciated  around 7%, proving many of those pessimists and chartists wrong. CNX 500 index however lagged behind and made a paltry gain of 4%.  The year was marked by extemities with no clear cut trend almost till the end. Among the sectors IT and (58% gain) and Pharmaceutical (29%. gain) pulled on well. Moreover FMCG with 12% and Auto with 9% also did not do too badly.. 

What is more lamenting is that despite a gain in Nifty, Midap index and small cap index lost -5% and -8% respectively during CY13. Anyway, today the domestic Markets are expected to remain range bound, with a positive bias, however, the action will be focussed on the individual counters, especially the small and mid cap stocks.  

Resistance: XXX  / XXX [For the Premium Members only]

Support: XXX/ XXX

Todays' Call: Buy Shree Ganesh Jewellery House Ltd (BSE Code: 533180) at around Rs.28.70-29, for a target of Rs.42-44, in the next few weeks. The banks have agreed to restructure its loan portfolio. 

Country Club (I) Ltd is expected to consolidate around the current price of Rs.9.20-9.40, where it has  a good support base. The investors having long term vision should accumulate this scrip on all declines.