Wednesday, May 30, 2018

Winning Strokes: Think Different
Photo: https://roofandfloor.com
The stock of Reliance Communications Ltd was recommended to the Premium Members at around Rs.14 on 24 May, 2018. The scrip made a high of Rs.18.30 in both the exchanges before closing at Rs.17.5, up 9.72% today.

The scrip of Bhusan Steel Ltd today Rs.40.60 today. If you remember the stock was recommended around Rs.22.65 to the Premium Members and at around Rs.24 in this blog. This share gave quick returns to the traders.

The share of Housing Development & Infrastructure Ltd is consolidating around Rs.27-28 and is preparing for the next level of upmove. I feel the correction in the stock is over and we can soon look for targets of around Rs.31-32. Remain Invested!1

The stock of Gitanjali Gems Ltd hit another buyer freeze today at around Rs.7.15 in the NSE. The stock was recommended to the Premium Members at Rs.4.65 on 21st May, 2018. 

The scrip of Jaypee Infratech Ltd (Rs.5.70) is consolidating around Rs.6. The patient investors can hold on or add the stock in intraday declines, for a target of Rs.9 in the next 6-9 months time frame. 

The share of TV Vision Ltd today hit another buyer freeze at Rs.10.60 in the NSE with good volume. The stock was recommended to the Premium Members and to those who are trading through my recommended brokerage house as a buy or averaging near its 52-week. Since, then it has been hitting continuous upper circuits. 

What to do with the share of Videocon Industries Ltd (Rs.10.30)? Why is the stock going down when the crude oil prices are soaring in the international markets? Brent crude however was down 1 cent at $75.38 a barrel by 0015 GMT, after settling up 9 cents on Tuesday. US West Texas Intermediate crude was up 13 cents, or 0.2%, at $66.86 a barrel, having earlier settled down $1.15.

I will be recommending a momentum counter to the Premium Members this week. Those who want to invest in this scrip, should either trade through my recommended brokerage house or join my Premium Information Service. One or two such scrips, will cover up the subscription charge of the Premium Service.

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