Market Mantra
1. Profit Booking was suggested in Future Enterprises Ltd at around Rs.54-55, the stock is now trading at around Rs.48, after touching an intra-day low of Rs.46.65 in the NSE. Congratulations to all those who could make some money from the scrip.
2. Today's Calls:
(a) Buy Rajesh Export at around Rs.756, SL: Rs.744, T: Rs.778-789 on T+2 basis. It is a gold manufacturing company headquartered in Bangalore, India. The company produces more than 35% of the world’s gold. It is also the largest Indian gold exporter. The festive season, is likely to increase the demand for gold jewlery. However, this is a short term call as according to a recent media report, India's gems and jewellery exports is likely to decline by a staggering 30% in the financial year 2017-18 due to unfavourable government regulations and trade restriction from the Gulf countries.
(b) Buy Reliance Industries Ltd at around Rs.821-822, SL below Rs.810, T- Rs.834 on T+1 basis. Very recently, the Telecom Regulatory Authority of India (TRAI), more than halved the interconnect usage charge (IUC) to 6 paise a minute from the current 14 paise and said it would be brought down to zero paise from 2020. In such circumstances, RIL’s telecom arm Reliance Jio is likely to create more disruption in the sector as the order by TRAI will leave it with piles of cash while hitting finances of its rivals.
(a) Buy Rajesh Export at around Rs.756, SL: Rs.744, T: Rs.778-789 on T+2 basis. It is a gold manufacturing company headquartered in Bangalore, India. The company produces more than 35% of the world’s gold. It is also the largest Indian gold exporter. The festive season, is likely to increase the demand for gold jewlery. However, this is a short term call as according to a recent media report, India's gems and jewellery exports is likely to decline by a staggering 30% in the financial year 2017-18 due to unfavourable government regulations and trade restriction from the Gulf countries.
(b) Buy Reliance Industries Ltd at around Rs.821-822, SL below Rs.810, T- Rs.834 on T+1 basis. Very recently, the Telecom Regulatory Authority of India (TRAI), more than halved the interconnect usage charge (IUC) to 6 paise a minute from the current 14 paise and said it would be brought down to zero paise from 2020. In such circumstances, RIL’s telecom arm Reliance Jio is likely to create more disruption in the sector as the order by TRAI will leave it with piles of cash while hitting finances of its rivals.
3. Profit booking was suggested in Energy Development Company Ltd at around Rs.24-24.50, to the Paid Members on last Friday, the stock hit the lower circuit today at Rs.22.55 in the NSE.
4. Profit booking was suggested in Simplex Infrastructure Ltd at around Rs.47-48, the stock today came down to Rs.40, and can fall to Rs.38.
5. Profit booking was suggested in Abn Offshore Ltd to the Premium Group members, last week at around Rs.195--192, the stock today is now trading at around Rs.178, the recommended buy price.
6. Profit booking was suggested in Jaiprakash Power Ventures Ltd, at around Rs.8, saying that it may not go above Rs.8.20, a couple of weeks back in this blog. The stock hit the Lower Circuits today at Rs.7.15.
7. The stock of Jaiprakash Associates Ltd (J P Associates Ltd) may fall to to Rs.13. So, if you entered at around the recommended price of Rs.7-8 and have still not booked profit, please do it now at around Rs.18.
8. The Super Premium Call hit the UC, but a HOLD on buy has been suggested on the scrip, due to uncertain market conditions. So, for the time being, this week's Super Premium buy call has been CANCELLED.
Join Paid Service, to make genuine money from the markets. This time it is one to one, communication through Whatsapp, Facebook and even through Mobile Phone; so that your stock market related queries are resolved faster and effectively. The charges have been increased to Rs.15,000, from Rs.12,000, from this month.
Join Paid Service, to make genuine money from the markets. This time it is one to one, communication through Whatsapp, Facebook and even through Mobile Phone; so that your stock market related queries are resolved faster and effectively. The charges have been increased to Rs.15,000, from Rs.12,000, from this month.