Market Pulse

Shilpi Cable Technologies Ltd hit another buyer freeze today at Rs.22.50. I have in my earlier post spot of targets of Rs.27-31, for the scrip.

As expected and as mentioned in my earlier posts, Aban Offshore Ltd today crossed Rs.200 and is now trading at around Rs.203.10; after touching a high of Rs.206.90. What is the target for the scrip?

J P Associated is trading at around Rs.18.50, now. The stock never crossed Rs.22, after a sell call was suggested at around Rs.19-20.

Madhucon Projects Ltd, owned by a politician is now trading at around Rs.35.20, after touching a high of Rs.35.95. The stock is up 6.18% today. I have recommended the scrip several times during the last few weeks. If you have bought around Rs.26--27, please book at least 50% of profits on your buy price.

Simplex Projects Ltd hit the buyer freeze today at Rs.55.10. The stock was recommended several times in the last few months. This is the 2nd time the stock crossed Rs.53 mark. Many Construction stocks are doing well, triggered by the government approving mega highway plan to develop about 83,000 kilometers of roads at an investment of Rs.7 lakh crore in next 5 years earlier this week.

HDIL today touched Rs.58.15 and is now trading at Rs.56.95. The stock is finding very difficulty to cross the resistance zone of Rs.57-57.5. The risk averse traders can exit the counter near Rs.57, with small profits. However, those who are long term investors, can hold the scrip with a SL of Rs.54.

Jai Balaji Industries Ltd today hit the buyer freeze at Rs.17.005 at the night, reaching my 1st target. Those who have entered around Rs.11.70-12, ranges can book some profits in the counter.

Buy Call from my Associated Brokerage House, BMA Wealth Creators Ltd:  Buy (T+2) PTC at around Rs.123.70, SL:  Rs.120; T - Rs.130.

Unitech Ltd today touched Rs.6.50 and is now trading at Rs.6.40, up 5.79%. You can look for targets above Rs.7, in the coming days. Accumulate the scrip on all dips.