Friday, March 31, 2017

Today's Calls
1. Fresh positions can be initiated in Reliance Power Ltd at Rs.48, T: Rs.54, SL: Rs.46. I have been recommending the scrip since Rs.42-43 levels. Now after a brief consolidation the scrip is expected to move up.

2. Yesterday, Saregama India Ltd (Rs 336.50) crossed Rs.240, intraday; today also it touched Rs.244. However, it seems the stock will consolidate around Rs.232-244, before starting the next The investors can take their trading decisions accordingly.

3. Gammmon India Ltd ( Rs.9.75), has made a bottom of sorts. The investors are suggested to buy in bulk the shares of this construction major.

4. My recommended Reliance Defence and Engineering Ltd (Rs.68.25) today made a high of Rs.69.90, which is near my target of Rs.72.

5. Suzlon Energy Ltd (Rs.19.25), recommended at around Rs
7-8, today made a 52-week high of Rs.19.85. The traders can now look for target of Rs.22, I'm the coming days.

6. Buy Jet Airways Ltd at Rs.529, T: Rs.592, SL: Rs.482. The stock is on a major uptrend. Jet Airways and Air India will benefit from the ban imposed by the US government on large electronic devices from cabin luggage on passenger flights from eight Muslim-majority countries, as business travellers prefer to work on laptops and iPads while on long-duration flights, industry executives told ET. 

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