Reliance next Target 1000/-

What should be the target for reliance now, as Reliance Industries posted very robust results.

Reliance Q2 profit up 4%, GRM at 7-yr high.

Source:

Read more at: http://www.moneycontrol.com/news/results/reliance-beats-estimates-q2-profit4-grm-at-7-year-high_3634001.html?utm_source=ref_article


After reading above article i safely see 1000/- as target for this stock.

Follow Up Calls

CMP Tata Global 161. Hold your positions for the target. 

What to Trade Next Week?

Fresh Trade to Open:

Buy TATA Global CMP 156.75 for the Target Price of 166+

Market View: Market is making life high every day. We are expecting this to continue for coming months. Nifty may touch 8700-9000 by the end of Jan’2014. Market may touch 8700 if RBI announce any liquidity measure by announcing much awaited Interest Rate Cut in the month of Dec itself.

Follow Up Calls

Last week we gave call for Hero Moto at the price of 2604 with the target price of 2750. Stock made high of 2839.85 during the week. All traders advised to Book the profits.

What to Trade Next Week?

Market is witnessing good support around 7800. In my personal view market is ready for next big move up to 8200. We can expect Nifty to touch 8200 before Diwali. For the month of September market may trade within the range of 7900 – 8100. It is advisable to be stock specific as many of the stocks trading at March Lows. Oil stocks are performing good so stay long on IOC, ONGC and Cairn.

Our last call for IOC has achieved our target price of 370. Hoping you all have booked your profits.

Fresh Trade to Open:

BHEL CMP 240.90 for the Target Price of 270

Hero Moto CMP 2604 for the Target Price of 2750

Previous Open Trades:

ALL Bank call given at 141.75 for the TGT Price of 150-160

Closed Trades: ITC Call given at 331 CMP at 357. TGT Achieved HDFC Call given at 983 CMP at 1067. TGT Achieved Bank of Baroda  CMP 862 for the TGT Price of 910+. Target achieved in within 30 days. IOC Call given at 338 TGT 370 achieved

Follow Up Calls

Last week we gave call for IOC at the price of 338 with the target price of 370. Stock made high of 373.50 during the week. All traders advised to Book the profits.

What to Trade Next Week?

Market remained in range bound from last few weeks between 7500 – 7800. We are expecting this range to breach anytime in Aug or Sept. We are suggesting to be on long side for coming few months. However stock picking is very important. We are suggesting to be long in market with mix of Power and Oil Stocks.

Our last call for Bank of Baroda has achieved our target price of 910 twice last week. Hoping you all have   booked your profits.

Fresh Trade to Open:

IOC CMP 338 for the Target Price of 370

Previous Open Trades:

ALL Bank call given at 141.75 for the TGT Price of 150-160

Closed Trades: ITC Call given at 331 CMP at 357. TGT AchievedHDFC Call given at 983 CMP at 1067. TGT AchievedBank of Baroda  CMP 862 for the TGT Price of 910+. Target achieved in within 30 days.