Winning Strokes

The stock of Jain Irrigation Systems Ltd made a high of Rs.97.4 in the NSE, closing at Rs.96.9 up 2.16%. In the BSE it closed above the psychological level of Rs.97. Intraday, the scrip of Jain Irrigation Systems Ltd made a high of Rs.97.45 in the BSE.

As the advancement of the monsoon slows down, there would be the need for more drip irrigation facilities. I am  looking for a target of Rs.111-117 in the coming days. This is not a momentum counter. 

The stock of Rohit Ferro Tech Ltd (Rs.2.75) the buyer freezes in both the exchanges. This is the 2nd consecutive buyer freezes it hit after it was recommended to the Premium Members. The rise in the price of Ferro Chorome, will augur well for the company, apart from  the other vital developments. I will recommend another such stock on Next Sunday, to be bought on next Monday -- those who are willing to know the name, should join the Premium Services. 

The scrip of Jaiprakash Associates Ltd which was recommended around Rs.14-15, to the Premium Members, today made an intraday high of Rs.17.7  in both the exchanges. It closed at Rs.16.95 in the BSE today. I am looking for a short term target of Rs.21 and Rs.27-29 by the end of this month. Those who are holding the shares of Jaypee Infratech Ltd (Rs.6.05) since around Rs.5, when the buy call was initiated to the Premium Members [i.e. on 21 May, '18], should hold it with a SL at Rs.4.6 and wait for it to cross Rs.6.25-6.30 zone with good volumes. 

The scrip of 3i Infotech Ltd today made an intraday high of Rs.4.45 in the BSE before closing at Rs.4.40.  The short term traders should average the scrip and exit around the resistance zone of Rs.6-6.30. However the long term investors can hold the scrip for a target of Rs.7-9 by January, 2019.

Today the stock of MBL Infrastructure Ltd hit the upper circuits at Rs.15.45 in the NSE. We can look forward for the targets of Rs.17-18, in the coming days, as the construction sector has started to move up, according to the Indian Finance Minister, Mr.Arun Jaitley.