Market Mantra

SUZLON ENERGY is planning to raise $300 mln-$500 mln through an overseas bond issue to repay debt. The stock is one way up today............Cheers!! Today it touched Rs.23.15. Now  buy State Bank of India Ltd at Rs.2142-2155, T--Rs.2180-2200 SL-Rs.2134

Market continued to trade within a range yesterday. Nifty made an intraday low of 5196 and a high of 5216 in Saturday’s special trading session. However, the undertone was positive and Nifty closed at the high of the day with a net gain of 19 odd points. Market is moving extremely range bound within a small range of 75 points between 5160-5225 since last five trading sessions. It appears that the market waiting for a trigger. In such a scenario, it may continue to be volatile and unpredictable within this range unless breaks either side. However, till the mid-afternoon the Nifty is trading with a positive bias today and is trying hard to break the stiff resistance at 5270---5295 range. I think with virtually no marked negative news, Nifty could amble past this range comfortably during the next few trading sessions. In case of Nifty Futures, please put a SL of Rs.5260 and keep holding. There could be another round of Quantitative easing in the US and this is expected to bring a massive rally in the metals and other commodity counters once again. Today, I received lot of recommendations to buy Copper. 
Hindalco Industries Ltd today moved to Rs.21.90 before cooling down a bit.  The stock should trade much higher in the coming days. 
Jai Prakash Industries Ltd recommended some days back to the Paid members around Rs.72, today touched Rs.74.75. The next target for the scrip is Rs.77--82. However, those who have bought earlier can book some profits in the counter.

Sanguine Media Ltd hits the 7th consecutive buyer freeze in the opening  trade. According to my unconfirmed sources, the company is taking lot of measures to change the business model. It has also removed most of the earlier staffs in the office.