Thursday, May 17, 2012

Market Mantra
The Nifty is consolidating around 4850 mark. US markets closed flattish on the back of strong housing data and news reports from Greece indicating a re-election to end political deadlock in the debt stricken nation. Chinese data too pointed at a recovery that propelled base metals higher. Asian were mixed today on the news of faster-than-estimated economic growth in Japan and on optimism that the Federal Reserve will do more to stimulate the U.S. economy. Back home it seems the government would do something to bring life to the depleted infrastructure sector, to plug in inflation bubble. It is to be noted that controlling inflation and fiscal consolidation should be done at the same time.  
Allied Digital Services Ltd today touched Rs.22.95, before cooling a bit. The stock was again recommended yesterday to the Paid Service Members.
Today Lanco Infrastructure Ltd touched Rs.12.58, before cooling down a bit. The scrip could be moving towards Rs.16 in the coming days. 
I have recommended a stock to the Paid Members yesterday, which hit 2nd consecutive buyer freeze today.

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