Nifty Has a Support at 4700

As I have mentioned in my earlier post,dated 22 July,Nifty came close to 5250 level,actually it made a high of 5181.It was waiting for a bad news for a correction. The Reserve Bank of India raised the minimum amount of money that banks have to keep in the form of liquid cash, gold or government bonds, called the Statutary Liquidity Ratio (SLR) from 24% to 25%.It has also increased the provisioning for banks' advances to the real estate companies. It caused the indexes to go down .
Nifty can take support on 4700.

Buy Amar Remedies

Stock-Amar Remedies
Industry-Personal Care
Cmp-41.10
Target-58
Stoploss-35
Holding Period-4 to 6 motnhs

Buy Ansal Infra

Stock-Ansal Infra

Cmp-82.10

Target-189

Stoploss-68

Holding Period-6 months

Shobha-Achieved The Target

I had given a buy call on Shobha Developers on 13th August.The target was given 300.Today ,it made a high of 307.Long term investor can still hold this position with a stoploss of 232.

Buy Kalindee Rail

Stock-KalindeeRail
CMP-164 .1
Target-230
Stoploss-138
Holding Period-4/6 months.