Winning Strokes: Think Different

Energy Development Ltd today closed at around Rs.15.80 in the NSE. Good rains whole over India is positive for the company. The company is basically into Hydro and Wind power projects. I am expecting a price of around Rs.21 by the end of this month. 

Today, the stock of P C Jewelers Ltd closed at around Rs.121.60. After breaking Rs.126 on the downside, it might test Rs.95 going forward. The traders should exit the scrip and wait for it to close above Rs.127 to take fresh positions. 

Today the market moved up basically because of RIL which gave a closing at Rs.1,082.35 up 4.19%. The price of US crude oil is rallying after Wednesday’s sharp fall prompted by news that Libya’s National Oil Corporation is reopening four oil export terminals. The recovery was prompted by a report from the US Energy Information Administration that US crude oil inventories fell by 12.6 million barrels in the week to July 6, almost three times the drop expected.