Monday, July 04, 2016

Rolta India Ltd recommended at around Rs.63.50, last week today closed at Rs.67.50, after making a high of Rs.68.65 in the BSE. The next target for the stock is Rs.71, which will be achieved in this week. The first target of the scrip has been reached. 

Allahabad Bank Ltd recommended at Rs.54 and Rs.57, today made an intra-day high of Rs.75.85 before closing at Rs.75.35. The investors should do well to book some profits in the counter and hold the rest with a SL of Rs.71.60. 

Union Bank Ltd, which was recommended around Rs.123 and Rs.117.50, today made an intra-day high of Rs.137.45, before closing at Rs.134.90. The investors should book some profits as the both the short term targets of Rs.129 and Rs.132, has been achieved. 

Unitech Ltd today closed at Rs.6.40, after some corrections, during the last trading session. The next targets are Rs.7.5 and Rs.8.30, which will be reached by next week, as the momentum in the counter is very strong. Today the percentage of Deliverable Quantity to Traded Quantity was 29.90% which was quite good. 

There is no stopping of Vedanta Ltd, as the scrip closed at Rs.138.65, which making an intra-day high of Rs.139.55. 

My recently recommended J P Associates Ltd today touched Rs.9.27, in the BSE before closing at Rs.9.08. The investors should wait for the scrip to close above Rs.9.20, before taking fresh positions. However, it will reach Rs.12-13, within a short time. 
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