Monday, October 09, 2017

In the morning write up, I mentioned about identification of 5 scrips which could give good returns to the traders in the short term. These scrips was given to the Paid Members and also to those who are trading with a minimum portfolio size of Rs.1 lakh, through my associated brokerage house, yesterday night and today morning before the market opening. Now let us look at these 5 scrips and their performance today, in the bourses:
1. Videocon Industries Ltd (Rs.16.65), was recommended a buy at the opening bell at 9.15 am. The scrip gave scope for the traders in the opening hours to enter before hitting the upper circuits.

2. Energy Development Company Ltd was given a buy at Rs.18.50, with a SL at Rs.16.40 on the news of Indian Energy Exchange IPO. The stock hit the upper circuits at Rs.20.45 in the BSE. Where is the stock heading?

3. Gitanjali Gems Ltd was given a buy with a short term target of Rs.82. This is a no-brainer as most jewelry shares rise before "Deepawali". The scrip hit a high of Rs.74.75 in the BSE, before closing at Rs.72.40.

4. A buy call was initiated in Reliance Naval and Engineering Ltd at Rs.51.50, before the results. The stock hit an intra-day high of Rs.53.15, in the BSE before closing at Rs.52.7.

5. Reliance Power Ltd was recommended a buy with a target of Rs.47-51. The stock hit an intra-day high of Rs.41.35, before closing at Rs.41.05.

Apart from these scrips, pick of the week from my associate brokerage house was also sent to the Premium Group members.. 
It was buy of the shares of Infosys Ltd at Rs.920, with a Stop Loss of Rs.885, for Targets of Rs.955-968. The scrip touched intra-day high of Rs.928.60 in the BSE,, before closing at Rs.923.65.

Join my Premium Service or trade through my associated brokerage house with a minimum portfolio size of Rs.1 lakh and get all these Free of Charge. You are already trading through some brokerage house/ just need to change the brokerage house and get the shares transferred to BMA Wealth Creators Ltd, one of the largest Financial Conglomerates in the Eastern India.

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