Market Mantra:

The rally which commenced on last Friday continued yesterday also. After a flat opening, Nifty went down to around 5800 level. it then traded within a range of 40 points. However, buying emerged on second half which took Nifty to 5913. Finally it settled at 5907, up 50 points from its previous close. 

Market may start making higher tops and higher bottoms now, with 5700 as the ultimate base....but is expected to be range bound today......Nifty may face some selling pressure near resistance level of 5925-5950. 

However, Nifty continues to get support at 5700 level which shows that buying interest at lower level. The market is just looking for an upward break out. Invest in small and mid cap counters as a rally is about to being in this space, with broader market virtually range-bound. 

Big time buying is seen in Allied Digital Services Ltd, Vishal Retail Ltd and Valecha Engineering Ltd. Also, the morning call to the Paid Groups was on Energy Development Company Ltd (CMP--Rs.46.5), Bartronics Ltd (Rs.77), Punj Lloyd (above Rs.105), etc.....

Also, accumulate Kohinoor Broadcasting Corporation Ltd (Rs.2.18) and BPL Ltd (Rs.32).............