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Thursday, January 23, 2014

MARKET MANTRA
The Indian markets continued to trade with high volatilty. Yesterday, after see-sawing the whole days finally closed at 6339 with a net gain of 25 points. Now as mentioned in the earlier posts, the Nifty bounced back from the level of 6130--6140 for the third time, which is still acting as a strong support for the BULLS. Moreover, the Nifty has closed above 6320 for the first time after 30 trading sessions, which also augurs well for the BULLS. However, XXX (for the Paid Members) being the previous high, is expected to act as resistance. The investors are suggested to buy small and mid cap counters in bulk and keep holding. This group will give  you the highest return in the next 12 months time. 
Todays' Call: Buy Glodyne Technoserve Ltd (BSE Code: 532672), at Rs.9-9.50 for a target of Rs.17-18, in the next 6 months (means  your money would get almost double in 6 months). The worst seems to be over for the company as it looking to sell its overseas assets to reduce debts. 
Shree Ganesh Jewellery House (I) Ltd hit the Upper Circuits in the late afternoon trade at Rs.29.15 in the BSE. Today, the Paid Members were suggested to buy the scrip of Shree Ganesh Jewellery House (I) Ltd on all declines, for the obvious reasons. The fundamentals of the company is very strong, and  now a focus on exports will further improve it. Also, the recent RBI policy on Gold Loan Companies, would be positive for the scrip.
Southern Ispat and Power Ltd today moved up by more than 4% as expected. The scrip would slowly move towards Rs.7-8 in the coming days, due to sheer fundamentals. Moreover, the company has started its mining operations. Please continue accumulating the scrip on all declines. CMP: Rs.2.59.
Entegra Ltd hit another buyer freeze in  the opening trade at Rs.4.35. The scrip would be moving towards Rs.10-12 in the coming days.