Market Mantra

The Indian markets traded range bound yesterday. Nifty moved between 7500 and 7545 for entire day and settled at 7533 with a net loss of 8 points. 

After a long run, post the NDA victory, the Indian bourses are witnessing profit booking. Nifty lost 41 points last week and had also broken the trading support of XXX (only for the Paid Groups). However the FIIs have been continuously pumping money into the Indian Bourses. Moreover,  the Union Budget is scheduled for the next  month. In such circumstances, the investors are suggested to buy the stocks which have stories to tell and keep holding. Now, the Nifty (7532) is comfortably trading above the immediate support of XXX (Only For the Premium Groups). If this is maintained then we can again look forward for breaking on XXX (Only for those who are trading through my recommended Brokerage House) on the  upside.

Support: XXX / XXX (For Premium Members)

Resistance: XXX/ XXX (For Premium Members)

Shiv-Vani Oil and Gas exploration Ltd is today at the Upper Circuits at Rs.22.65. Buy, the scrip on all declines for a target over Rs.50. 

Today's' call: Buy IVRCL Ltd at Rs.24-25.25, for a target of Rs.29-30 in the short term. According to ET Now, the Narendra Modi government is planning a multi-billion dollar infra fund to push investments. According to the Business Channel, the Road Ministry has already begun discussions with potential investors and that the fund size could be anywhere between $4-5 billion. IVRCL Ltd could be one of the biggest beneficiaries of such funds, because it has a huge order book position, but only due to cash crunch it is not able to execute, all the projects at a time. 

Resurgere Mines and Minerals Ltd (Rs.2.03) hit another buyer freeze today. What is the story in the company? Join the Premium Service to get the information and cover all your LOSSES you made in the last 5-6 years, post Lehman Brothers' crash in the US. 

Today, while Jai Balaji Industries Ltd (which was also allotted a mine) is out of the Lower Circuits and is  now trading around Rs.26-27, while traders are rushing to sell Western India Shipyard Ltd (Rs.2.62), as if the company will close down tomorrow. However, the fact that it is falling with less volume is a good sign.  The company would start to get more orders once the mining in the Goa starts.