Market Mantra

Resurgere Mines and Minerals Ltd today hit the buyer freeze in the opening trade. The scrip has fallen, to some abnormal levels, inspite of the management sounding optimistic. 

Todays' call: If you have some Free Cash please buy PIX Transmission Ltd (BSE Code: 500333) at Rs.49---49.50. The company's Q1FY15 results are  not bad and also, its management has expressed confidence in its business. Moreover, you can exit Genera Agri Ltd at Rs..6.50-6.70, either with minimum loss or at no loss no gain; if you have not averaged. If you have bought recently then book profits in Genera Agri Ltd and exit the counter. You can put this money in Pix Transmission Ltd. PIX Transmissions Ltd., is the leading manufacturer of Belts and related mechanical transmissions products in India. The Company has state-of-the-art Belt manufacturing units as well as a completely automated Rubber Mixing facility in Nagpur.
PIX Transmission Ltd enjoys significant brand equity in the Power Transmissions industry, with strong local as well global presence. The company has overseas subsidiary operations in Europe, and Middle-East, in addition to over 250 committed Channel Partners in over 50 countries worldwide.
Product Range: PIX manufactures an extensive range of Industrial V-Belts, Automotive Belts, Agricultural Belts, Special Construction Belts, Taper Lock Pulleys and Bushes to suit a wide array of applications.

Allied Digital Services Ltd (Rs.16.95): The company came out with not so satisfactory numbers for the Q1FY14, as some of their payments got delayed, due to parties asking more time for more time to clear their dues. Their revenues as well as their profit suffered. According to the sources, 2nd quarter is expected to be lackluster too, but from the 3rd quarter, the results are expected to be a little better. Hence we could see the share price start to move up from October, 2014 onward. Till such development takes places, the scrip is likely to trade range bound. Moreover, the company's Pune project is likely to get completed by December, 2014. This will give some push to its revenues. The company has also applied for a similar deal for Mumbai (Bombay), but the things are in the initial stages.
In case of Nifty (7876.10), a decisive rise above 7841 and a close near its new life time high clearly shows resumption of uptrend after an intermediate correction. Market is now in a No Resistance Zone and the Bulls are in full control of the affairs. However, for the time being the Nifty might move sideways, while the action will be concentrated in the small and mid cap space.