Thursday, November 27, 2014

My recommended HINDALCO Industries Ltd today touched Rs.176.40, before closing at Rs.172.65. The scrip achieved the short term target of Rs.172.
It was a field day for the scrip of Jaiprakash Power Ventures Ltd as it touched Rs.13.51, in the dying moments of trade, as the shorts got trapped. That is why I say, don't listen blindly to TV-analysts, especially the kind of fly-by-night-operators like Jagannadham Thununguntla!! Those who heard him lost their shirts today. If he were so accurate in predicting future stock movements, then he would have had his own company, instead of working in someone's company. When a company comes up with good quarterly results and earnest attempts are being made by the management to reduce debts, then should we buy a share or sell--ask  yourself. By the way, Vishal Malkan is saying to buy Jaiprakash Power for a target Rs 18-20, which is the right approach. The scrip is now looking even more bullish on the charts as it moved up with huge volume. The stock closed at Rs.13.27, near the day's high. 
My recommended JSW Energy Ltd reached the 1st target of Rs.92, as the stock touched Rs.93.70 intra-day. What should you do with the scrip? Buy, Sell or Hold? To know, Join the Premium Service or trade through my recommended brokerage house/s, with a minimum portfolio size of Rs.1.50 lakhs. 
ARSS Infrastructure Projects Ltd today moved up Rs.38.85, before closing at Rs.38.15. Today most  of the Railway related stocks moved up. As per reports, the railway ministry has called for an investor meet on 5 December 2014. Those likely to attend include investment banks, consultants and infrastructure companies and the focus of the meeting will be to increase investments in the railway sector, reports indicated.
My recommended Reliance  Capital Ltd today moved to Rs.529.90, before closing at Rs.528.20. Its short term target is Rs.570 and hence those who are  holding can continue to hold the same. 
Nifty today closed at 8494.20 up 18.45 points, which is just below the immediate resistance of 8500 and much above  the support of 8440. The upward journey which started from the intermediate low of 7724 has already seen a superb run of more than 700 points within six weeks. Profit booking after such a huge gain is imminent and is healthy for the market. The traders are suggested to stick to quality stocks for good returns in future. 
Post a Comment