ARSS Infrastructure Projects Ltd today touched Rs.42.75, in the BSE is presently trading at around Rs.42. This is a turnaround story and the investors are suggested to buy the scrip on all declines.
My recommended J P Power Ltd (Rs.13) and Allied Digital Services Ltd (Rs.22) are doing well in the morning trade--both the scrips are expected to give good returns to the patient investors.
Meanwhile, the Nifty had witnessed a monthly gain of 266 points in November, alone. Now, with this the total gain from its intermediate low of 7724 comes to around 893 points. Therefore, there cannot be a 2nd opinion that the Indian markets are on a SECULAR UPTREND. However, the the resistance of 8600-8630 is putting pressure on the Bulls on the upper side. Today, since morning, the Nifty is carefully, holding 8500 levels. With the absence of any major negative news the Nifty is likely to trade range-bound, throughout the day. The traders are suggested to buy small and mid-cap counters in bulk, as the Nifty meanders around Rs.8500-8630 levels.