Market Mantra

Market witnessed a highly volatile session yesterday. A range-bound move in the initial hours turned negative as the day progressed dragging down Nifty to 5460 levels during mid session. However, strong recovery later took it to a high of 5537. Again, F&O expiry during last hour dragged it down to 5480, finally giving a close at 5483 with a net loss of 22 points. Today the markets are seeing subdued trade in the first one and half hour. However, the trends are showing a fatigues of the BEARS. So, now the Bulls can again take charge of the things and  help Nifty move towards, 5560--5590 (Mini_Nifty) ranges. Therefore, Buy Mini_Nifty at 5494, T--5560--5590, SL--5460. The fact that the bears are not able to break 5460 (Nifty Futures) on the downside, gives much needed ammunition to the BULLS to take charge of the rally. These are dips which should be used for buying as the investors look for a good budget and possible cut of the interest rate in the next month. The uptrend remains intact and Nifty remains strong above 5300. Buying support is expected at lower level but volatility might continue rule the market in days ahead.
RESISTANCE : 5540/5560
SUPPORT: 5460/ 5425
Those who are holding Videocon Industries Ltd from Rs.177--178, book partial profits at Rs.195. You  hold the remaining with a SL of Rs.187.
Buy of ONGC Ltd: Rs.288, S-Rs.282, T--Rs.296. With the Crude threatening to move up every other day, there cannot be a better stock at this time to invest.
Buy Central Bank at Rs.103-103.45, T--Rs.108 SL-101. Life Insurance Corp will acquire 5% stake in the bank through preferential share allotment.
Those who are holding Jai Balaji Industries Ltd should continue to add the scrip on all declines, as the company, is coming closer to the opening of the new mega plant.
Buy Usha Martin at Rs.38, SL-Rs.35, T--Rs.43. This is a chart based call and hence exit at the SL if it is hit.
ALso, investors should add Allied Digital Services Ltd at around Rs.26--27, for some decent gains in the future. The cloud computing would give the company lot of room for making profit. According to my sources, its US office has started to perform well. I do not know why the investors are shying from this company and Country Club Ltd, as I feel there is nothing to fear, as such. 
THE PREMIUM MEMBERS CAN TAKE FRESH POSITIONS IN STATE BANK OF INDIA: STATE BANK OF INDIA will raise 79 bln rupees by Mar 31 through a preferential allotment of shares to the government at Rs.2,191.69 a share. (CMP-Rs.2225).(This was a message to the Paid Groups in the morning).