Tuesday, January 21, 2014

Market Mantra 
The Nifty Spot since the morning is carefully holding 6300 mark, this gives strength to bulls and calls for a buy in the SMALL and MID CAP space. The Nifty_Spot bounced back from the level of 6130-6150,  which is  show of strength of the bulls. Now there are talks of the RBI could go soft on the interest rate scenario--this is expected to bring positive momentum in the markets. 
Morning Call, South Ispat and Energy Ltd (BSE Code: 531645, NSE Code: SOUISPAT) hit the buyer freeze in the opening trade at Rs.2.75. The scrip is heading towards Rs.7-8-10 marks in the coming days. 
Shree Ganesh Jewellery House (I)  Ltd is consolidating at the current ranges  of Rs.26.50--26.70, before moving towards Rs.41-42,  in the short term. The company is expected to get benefited from  the recent RBI announcements, as  mentioned earlier in this blog. 
Entegra Ltd hit the 2nd consecutive buyer freeze today in the opening trade. The scrip is moving towards Rs.10-12 in the coming days. Therefore, those who have still not entered the counter try tomorrow in the early hours.
Morning call was given on IVRCL Ltd at Rs.14.70-14.80, for a short term target of Rs.17. The scrip is now trading at Rs.15.20. If the RBI holds the rates intact, then it would be positive for all the infrastructure / real estate counters.