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Wednesday, January 01, 2014
WINNING STROKES: THINK DIFFERENT
Shree Ganesh Jewellery House Ltd (BSE Code: 533180), today hit the buyer freeze in the opening trade. Apart from the approval of the CDR package there was also positive news from the government front. We can expect few more Upper Circuits before reaching its 1st target of Rs.38. Chartically speaking, the scrip is above both its 21DSMA and 21DEMA. CMP: Rs.29.
Future Retail Ltd moved near the 2nd target of Rs.82. However, I am not too bullish on the scrip. The investors can book some profits around Rs.82-83 ranges and wait for it to cross Rs.85 before taking fresh positions. CMP: Rs.79.30.
Tulip Telecom Ltd, today hit the buyer freeze in the late afternoon trade. The CDR scheme of the company has long been approved. We can expect few more Upper Circuits before touching its 1st target of Rs.11.5.
My recently recommended Reliance Power Ltd at Rs.73-73.30, today touched Rs.74.65 today. However, the considering the developments in Delhi, the upside might be capped due to sentimental effect, as it not directly related with the issue.
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