Thursday, February 20, 2014

Entegra Ltd today touched the upper circuits at Rs.3.89, before setting at Rs.3.73, up 0.54%, in a day when the Sensex tanked 186.33 points. Invest at least 50% of your capital and keep holding. 
Glodyne Technoserve Ltd where a buy was given a couple of days back, hit another buyer freeze today. It seems the scrip would now steadily move to Rs.14-15, where you can book profits. 
Most of the Jewelry stocks were up today. Meanwhile P C Jeweler Ltd hit the 4th target of Rs.97, as it touched Rs.98.05 intra-day. I hope most of you have made money in this scrip. In the same way, Shree Ganesh Jewelry House (I) Ltd closed at Rs.27.70, which is near the day's high of Rs.27.90, indicating bullishness in the scrip. The government is likely to cut, 2% import duty on gold by the end of this month. However, when the demand for gold is so high in the domestic market, the Gold Jewelry stocks would continue to outperform the broader markets. Shree Ganesh Jewelers Ltd is expected to be star performer, as it has taken some special measures to focus more on the export market. 
Today a buy call was given on Opto Circuits Ltd at Rs.26, the scrip closed at Rs.26.10, after touching a high of Rs.26.75. Also, a SELL call was given on HINDALCO Ltd_Feb26_Futures at Rs.98, with a target of Rs.93. The scrip today closed at Rs.97.40 in the NSE derivative segment.