WINNING STROKES: THINK DIFFERENT

A buy call was initiated on Reliance Power Ltd at Rs.84-85, for a target of Rs.95, after certain positive developments in the counter. One of them is: the company has entered into a partnership with China Datang Corp for offering operation and maintenance services to power plants in India and overseas. The scrip closed at Rs.86.20, before closing at Rs.86.70. CLICK HERE.

Suven Life Sciences Ltd moved to Rs.25.20 before cooling down a bit. The scrip was recommended around Rs.18-18.5 to the Paid Service Members and also to those who are trading through my brokerage house.

A buy call was given on Nifty Futures at 5400 for a target of 5430, which I think will be reached with the next week, as the situation in both domestic and international area seems to favour the bulls. The main hurdle, CAG reports has turned out to be a damp squib as the oppostion parties like BJP are also in knee deep mess in the same episode. Their escape of debating the issue in the Parliament speaks volumes about their involvement in the matter.
A call for Buy was given in the shares of both  the Power and Retail companies. I think for the moment, these two sectors are highly undervalued and should be picked up for huge gains in future. At the moment, the Indian power producers have been slow to expand as fuel and funds have become scarce as cash-strapped distribution utilities buy less power because they are saddled with $35 billion in debt. But the good point is that: Reliance Power and other Indian generators have been increasingly using cheaper Chinese equipment and using Chinese funding to finance some projects.