Wednesday, July 14, 2021

Winning Strokes 

Yesterday, the BSE Sensex closed at 52,769.73 up 397.04 points (+0.76%), while the Nifty ended the day at 15,812.35 up 119.75 points (+0.76%). The Nifty is likely to test 15900 on the upside. 

#The stock of BCPL Railway Infrastructure Ltd yesterday moved to Rs.62.40 while settling at 59.95 EOD. You need to hold with a SL at  Rs.56. The infrastructure stocks are likely to do well in Future.

#The scrip of Future Retail Ltd yesterday moved to Rs.67.40 before closing at Rs.65.10. This is a sure shot play,  what is needed is patience. The company now has presence in both offline and online segments. 

#The stock of Reliance Capital Ltd could test Rs.19 on the downside before starting its next leg of upmove. This is also a sure shot play.

#The stock of Patel Engineering Ltd yesterday moved to Rs. 19.75, after the positive media report came on loan recast. I have a long term target of Rs.100.

#Today buy the shares of JSW Steel Ltd (Rs. 701.40) near the CMP, for short term targets of Rs.716/727. I'm bullish on both the Steel and construction sectors.

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