Market Mantra

The Nifty is clearly above its resistance at 6330 and the BULLS are in full control of the things in DALAL STREET. This is a buy on dips market and every opportunity should be used, to the hilt. 

Shree Ganesh Jewelleries Ltd hit the buyer freeze in the opening trade, at Rs.30.45 as was expected. We could see some more buyer freezes in the coming days. 

Today's' Call: Buy Store One Retail India Ltd (BSE Code: 532679) at Rs.30.70, for a short term target of Rs.41, SL--Rs.29. The H1FY14, EPS of the company is Rs.8.06. Now, while its P/E is 1.92, the Industry P/E is around Rs.17.08. A decent P/E of around 12 could take the scrip to around Rs.160-170, in the next 6-9 months time frame. Indiabulls a few years back, renamed the company as Store One Retail India Ltd from Indiabulls Retail Services Ltd, in a bid to align the corporate identity with the branding of the stores. Hence, it is of high pedigree. Buy the scrip and keep  holding---it is one of the best stocks in the retail space. CLICK HERE. 
Reliance Power Ltd recommended here in this blog, a couple of days back around Rs.73-73.30 today touched Rs.75.20. 
Rolta India Ltd recommended a couple of days back, at around Rs.67, today touched Rs.74.55. Thus both the target of Rs.72-75 has nearly been achieved in the short term. 
As expected Tulip Telecom Ltd hits another buyer freeze at Rs.6.69. The scrip has fallen to some abnormal levels, inspite of the CDR package. We can expect some more upper circuits in the coming days, on its way to its first target of Rs.11.50. 
Reliance Mediaworks Recommended  this week around Rs.50, today touched Rs.52.40, giving more than 4% returns, just in 3-4 days. In a similar way Essar Oil recommended around Rs.51.70, today touched Rs.56.40. 
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