Friday, August 26, 2016

Photo: Financial Express
(i) After a long time Reliance Communications Ltd moved above Rs.54 today; following news in a Business Channel. This kind of news keeps on popping up but at the end nothing happens. Therefore, the short term traders are suggested to book profits at around Rs.54.50. However, long term traders can keep holding the scrip with  a SL of Rs.46.

(iii) Shrenuj & Co Ltd hit the buyer freeze in the opening trade. The stock should move higher in the coming days, as the promoters will manage Rs.300 crore from somewhere to refinance the loans.

(iv) Investors can continue to buy the shares of IVRCL Ltd for short term target of Rs.7-8. The company is operating in 5-sectors therefore the chance of a turnaround looks bright  once a strategic investor chips in....
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