RBI Hikes CRR

The Reserve Bank of India has hiked its cash reserve ratio by 75 bps to 5.75% as against 5% at its credit policy meet today. (100 basis points=1%)
The move will be implemented in two stages. The first 50 bps hike will come into effect on February 13 while the next 25 bps hike will be effective February 27. The move will result in a mop-up of Rs 36,000 crore by February end.
The central bank has left unchanged the reverse repo, repo, and bank rate at 3.25%, 4.75%, and 6% respectively.
This move by RBI is a step to control the rising inflation.The Reserve Bank had earlier projected the inflation to be around 6.5 per cent by fiscal-end.*
*Fiscal year: 1 April - 31 March

Amar achieved the target.

My last recommendation ,which was given on 15 th Oct,Amar Remedies achieved the target.It touched 58. One can hold it with a trailing stop loss .

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.