Market Mantra:

Atlanta Ltd hits the lower freeze after my sell call on all the Mumbai based real estate counters. Bombay's real estate market is in a very bad shape, as I am told more than 30% of the apartments purchased are only for speculative purpose. So the rates are bound to crash in the coming days. You know the rates in Goregaon (W) only about couple of years back were abound Rs.6000-6600 per sq.ft near Mega Mall. Now  you will be surprised to know that the rates are ruling at around Rs.9000---9500 per sq. ft. which is totally abnormal. In Goregaon (E) the rates a couple of years back were as low as Rs.5000 per sq. ft--the rates now are more than Rs.8000 per sq.ft. 

The Reserve Bank of India fined 19 banks including HDFC Bank, Axis Bank, Kotak Mahindra Bank and ICICI Bank for violating rules on derivatives. I am happy to find the name of ICICI Bank Ltd in the list. They still did  not send my ATM Card and the cheque book---everytime I  have to write in the blog to get my cheque book--disgusting service by ICICI Bank. They place 100s of rules to harass the genuine clients. The license of this bank should be cancelled by the RBI. 

My recommended Diana Tea Ltd (BSE Code: 530959) to the PAID CLIENTS at around Rs.17.50-17.80, is moving up slowly in the morning trade. 

My recommended Reliance Media Works Ltd is doing well in the morning trade. The stock should not trade below Rs.500 considering the value of the properties it has in its possession. At the CMP of Rs.165.30, it is a steal. The company is coming up with board meeting at the middle of next month to declare the results. 
My recommended Kalindi Rail Nirman is doing well in the morning trade. I have been asking all to buy the scrip or average, since a long time---those who have paid heed to my call is now probably smiling. On the other hand those who have purchased Kernex Micro Ltd at around Rs.86-87, when the scrip fell unnecessarily, should also be feeling good. Both the scrips were asked to be accumulated in bulk by me, in a number of occassions.