Thursday, October 30, 2014

MARKET MANTRA
Today my recommended Suzlon Energy Ltd at around Rs.11.99-12.10 touched Rs.13.60, intra-day. However, profit booking was suggested in the counter at around Rs.13.25-13.20, for the Paid Group Members and to those who trade through my brokerage terminal. 
Buy Rohit Ferro Tech Ltd at the CMP of Rs.9.65.9.70, for a target of Rs.12-13, in the short term. The short term traders can book some profits in Suzlon Energy Ltd at Rs.13.25 and enter Rohit Ferro. Rohit Ferro-Tech Limited was incorporated on 7th April, 2000 and is amongst India’s largest Ferro-Chrome manufacturing Company. The Company is engaged in manufacturing of chromium and manganese-based ferro alloys, such as High Carbon Ferro Chrome (H.C.FeCr), Silico Manganese (SiMn) and Ferro Manganese (FeMn) through Submerged Arc Furnace (SAF) route. The Company has three manufacturing facilities located at Bishnupur in West Bengal, Jajpur in Orissa and Haldia in West Bengal. The Company has commenced its commercial production of High Carbon Ferro Chrome (H.C.FeCr.) in October, 2003. Meanwhile, in a boost to cash-starved real estate industry, the NDA government yesterday relaxed rules for FDI in the construction sector by reducing minimum built-up area as well as capital requirement and easing the exit norms. This is expected to increase the demand for steel and other building materials in the coming days. The stock is near its 52-week low price of Rs.7.02 and is one of the safest bets. 
Tata Steel Ltd which was recommended around Rs.450, some days back, is near the first target of Rs.480, as intra-day it touched Rs.474.45 and is  now trading at Rs.471.
Resurgere Mines and Minerals Ltd today hit the buyer freeze at Rs.1.78 and is  now trading at the Upper Circuits. The company is carrying mining operations in the SOAPSTONE MINES in Rajasthan. It is also negotiating with the lease  holders to start mining in of its mines. 
Allied Digital Services Ltd hit the buyer freeze in the opening trade. The company is expected to come up with better numbers from Q3FY15. 
My recommended Country  Club India Ltd made a new 52-week high today as it touched Rs.18.44, intra-day. 
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