Market Mantra

The market traded range bound with negative bias on last Friday.The Nifty tried to close above   6800 mark, but ultimately the settlement took place at 6776 with a net loss of 20  points. 

The Nifty is trading near its life time high, with the optimism of forming a NDA led government and also due to improved fundamentals of Indian Economy. Though the Bulls are in total  control of the things, how the Nifty is witnessing selling above 6800 level. The investors / traders are suggested to concentrate on the small and mid cap space; as most of the large caps are  now fairly valued. 

Resistance: 6800 / 6820 

Support: 6745 / 6700

My recommended PVP Ventures Ltd (BSE Code: 517556) at Rs.5.70 on last Thursday to the Premium Group Members, today hit the 20% upper circuits in the BSE. Join the Paid Service or my recommended brokerage House/s to stay ahead of others. 

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Today's Call: 
(i) Buy Vijay Shanti Builders Ltd (BSE Code: 523724) at Rs.12, T-Rs.17, SL--Rs.9. The company is doing lot of projects in and around Chennai. The scrip is yet to take part in the rally.
(ii) Speculative Buy Core Education Ltd & Technologies Ltd (BSE Code: 512199) at Rs.13.50, T-Rs.17, SL--Rs.12.4.
Shree Ganesh Jewelry House (I) Ltd today touched Rs.36. The scrip will slowly moving towards Rs.41-42 in the  coming days. 
Jai Balaji Industries Ltd today touched Rs.14 and is  now trading at around Rs.13.9. The scrip could hit another buyer freeze, because the market cap of the company is too low as compared to the enterprise value of its steel plants and its mines. 
HCC Ltd (Rs.19) today touched Rs.19.50, the scrip will be moving towards Rs.21-22 in the coming days. It has reached both my initial targets. In the same way, Unitech Ltd (Rs.1.70) will be moving towards Rs.23-24 in the coming days.