Wednesday, August 24, 2016

(i) The short term traders can exit Bharat Heavy Electricals Ltd at Rs.136, as it has broken Rs.137. If it
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gets support around Rs.132, then buy or else wait for the price to stabilize. For the long term you can hold with a SL of Rs.107.

(ii) The short term traders can exit Adani Enterprise Ltd as it has broken Rs.75. You can again accumulate around Rs.67-68, where it might get some support. If it goes below Rs.67, then long term traders can forget the counter.

(iii) Accumulate Unitech Ltd (Rs.5.05) and IVRCL Ltd (Rs.4.80), because the construction activities are about to start post monsoons. 

(iv) Reliance Communications Ltd (Rs.51.80) is moving on the hope of any merger news. But unless it closes above Rs.53.50, there is no hope. In such circumstances, the short term traders can book profits as it moves up, till it closes above Rs.53.50, where you can again start accumulating.

(v) Those who have entered Syncom Formulations Ltd (Rs.2.88) again at around Rs.2.70, should continue to hold the counter with a SL of Rs.2.40. 
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