Wednesday, April 08, 2015

Nifty reached my short term target of 8600 few days back. Now with today's close above 8700, we can look for higher targets as the trend for the short, medium and long term are only up. The Premium Members might have taken long positions on Nifty during the day. 
Today a buy call was initiated on Bhusan Steel Ltd at Rs.63.50--63.80, for a target of Rs.82. The stock touched Rs.73.85 intra-day before closing at Rs.70.60. What is the buzz in the counter? Join the Paid Group to get such scintillating calls. 
Yesterday's call Gitanjali Gems Ltd today flared up and reached Rs.46.25 in the BSE intra-day, before closing at Rs.45.25, up 3.76%. My another recommendation in the same space Renaissance Jewelry Ltd today moved to Rs.97.50 before cloisng at Rs.91.65, up 10.69%. And my favourite in this space P C Jeweler Ltd also shone well in the bourses today as the scrip closed at Rs.349, up 4.24%. With the inflation tiger lurking behind, the gold jewelry stocks are expected to do well in the coming days. One buy these scrips on all declines. 
My recommended Rasoya Proteins Ltd today hit another buyer freeze in the BSE. At BSE it closed at Re.0.67 up 4.69% and in NSE it closed at Re.0.70. The short term target for the scrip remains at Rs.1.20. 
My recommended Jindal Saw Ltd today moved to Rs.72.75, intra-day before closing at Rs.70.25. The Saw pipe making companies are expected to do well in the coming days.
My repeatedly recommended Jaiprakash Power Ventures Ltd today moved to R.10.44 intra-day before closing at Rs.10.34. The company would be one of the biggest beneficiaries of the coal auction. Jaiprakash Power Ventures recently bagged the Amelia (North) mine in Madhya Pradesh quoting Rs.712 per tonne, the highest among 11 firms including Adani Power, BALCO and Essar Power.
PSL Ltd hit another buyer freeze today at Rs.11.69. The name of the scrip was mentioned in this blog, few days back. 
My recommended Jindal Saw Ltd today moved to Rs.72.75, intra-day before closing atg Rs.70.25. The saw pipe making companies are likely to do well in the coming days. The next target for the scrip is Rs.82.
GMR Infrastructure Ltd today moved to Rs.18, before closing at Rs.17.40. There were recent media reports that GMR Infrastructure-led consortium bagged Rs.5,080 crore railway project. I had already given a target of Rs.22, for the scrip. Today, Ashish Maheshwari also came out with a similar target.  
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