Thursday, April 06, 2017

Winning Strokes: Think Different
1.Today, my recommended Idea Cellular Ltd at Rs.85.10, today touched Rs.88.10 in the BSE,
before closing at Rs.87.65, up more than 3%. The stock today moved up with volume which is around 4-times yesterday's volume. Accumulate the scrip with a price target of Rs.123. Today most of the Aditya Birla group stocks were up.

2. My recommended Future Enterprises Ltd at around Rs.18-18.50, today reached my 3rd and final short term target of Rs.32 (intraday: Rs.32.60), before closing at Rs.30.70 in the BSE. The traders can book profits and invest in Idea Cellular Ltd, as the it Gets Set To Take On Airtel With Its Own Payments Bank.
3. Today Gammon India Ltd (Rs.10.28) closed above a major resistance at Rs.10.20. The investors should do well to hold the scrip with a SL at Rs.10.10. On the fundamental front, the company is doing fine. However, unless and until it closes above Rs.10.45, in both the exchanges, it may remain rangebound.

4. Today, my recommended Reliance Power Ltd (Rs.50.35) touched Rs.50.80 in the BSE. The stock was recommended around Rs.44. Those who have still not booked profits can look for targets of Rs.52-53, in the coming days. However, please keep a SL of Rs.48.60 for any short term trade.

5. Rolta India Ltd recommended at around Rs.58-59, today touched my first target of Rs.62, in the BSE. The investor can hold the scrip with 5% trailing SL.

6. Another, ADA Group company today made a huge upmove and closed above Rs.40.50, in the NSE after a long time. Those who were not so happy seeing me recommending even at near Rs.31 or near 52-week price, might be a little relieved today. The worst in the Indian telecom sector seems to be over.

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