Monday, February 27, 2012

Market Mantra
Buy McNally Bharat Ltd at Rs.109-110, T--Rs.117. The stock should not break Rs.106 on the downside, on a closing basis and hence this is a golden change to invest. 
Morning Nifty target of SELL at 5430, T--5380 to the Paid Members, has been achieved. I had asked all to exit IFCI Ltd and  Indian Bank Ltd today.  
If you made profit by selling Nifty in the morning and now buy Nifty at 5370--5375 (Spot), T--5460, SL--5350. Buy HINDALCO Ltd at Rs.142.50, T--Rs.147, SL--Rs.139.50. Enter again all the Metal Counters: Steel, Aluminium (Rs.111, T-Rs.118 at MCX), Nickel, Gold, etc. On the other hand if anyone is having ABB Ltd and Sesa Goa Ltd, they should reduce their positions.

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