Friday, January 24, 2020

Tit - bits 
#Yesterday's recommendation Jindal Steel and
Power Ltd at around Rs.180.50, today touched Rs. 186.35 intraday. The targets are intact, however if you wish to book some profits you can do and hold the rest with a SL at Rs. 177. Photo: Dare2cpete.com.

#The stock Reliance Capital Ltd (Rs.9.90) is testing the intermediate lows made some time back and is consolidating around the current ranges.  This is a high risk high gain stock. Today also the trading volume is huge (82 lakhs).  Since,  the company is taking measures to reduce the debt,  we can look for higher prices in the coming days. Anil Ambani had been trying to reduce the debt of the company through all possible techniques. If you remember in April last year he approached elder brother Mukesh Ambani's Reliance Industries and Piramal Group, offering 49% in the business.
The downside of the scrip is limited while considering its book value of Rs.300 - plus and the backing of his mother (Kokilaben Patel Ambani)
the upper targets are huge. Accumulate during intraday dips.

#The scrip of National Fertilisers Ltd today touched Rs.29.50, intraday.  Those who have not booked partial profits, should do the same and hold the rest with 5% trailing SL. 

#The share of Reliance Infrastructure Ltd (Ro. 22.20) today hit the upper circuits in the morning trade, but is currently out of it. This is a well managed company and have far better fundamentals than Reliance  Capital Ltd (Rs..9.90). You should look to accumulate during market dips.

#The Nifty is now trading at 12,225.20 up 44.85 points (+0.37%). The pre budget rally should continue and slowly this positive mention is likely to spread in the broader market. Accumulate good small and mid cap stocks.

#The share of Cadila Healthcare Ltd made a high of Rs.274.20. You should book profits and exit the counter.

#The scrip of Music Broadcast Ltd (Radio City; CMP: Rs.27.55) today touched an intraday high of Rs.28.40. The scrip was recommended around Rs.27.50 and then asked to accumulate.  You can either wait for 27 January,  board meeting of the company or book profits and exit the counter. 

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