Stock Trading

Buy Reliance Communications

Stock market analyst Hitendra Vasudeo of stockmechanics.com is of the Reliance Communicationsview that day traders can buy Reliance Communications stock above Rs 599 to achieve an intraday target of Rs 614.

The strict stop loss for the suggested counter is Rs 590. If the stock market remains on positive track, the next target for the day will be above Rs 620.

Jet Airways Intraday Buy Call

Stock market analyst Hitendra Vasudeo of stockmechanics.com has Jet Airwaysrecommended a ‘BUY’ on Het Airways stock with a target price of Rs 562 in today’s session.

Mr. Vasudeo said that interested day traders can purchase the stock above Rs 542 with a stop loss of Rs 530. If the stock market remains on positive track, the next target for the day will be above Rs 569.

Buy Cairn India

Stock market analyst Hitendra Vasudeo of stockmechanics.com has Cairn Indiasuggested traders to purchase Cairn India stock in today’s session.

According to him, the stock can be purchased above Rs 296 with a stop loss of Rs 292 to achieve an intraday target of Rs 307.

The stock could easily retest its next intraday target of about Rs 312, if the stock market remains positive.

Dr Reddy’s Intraday Buy Call

Karvy Stock Broking Limited has maintained ‘Buy’ rating on Dr Reddy’s Dr Reddy’s Laboratories

IFCI Intraday Buy Call

As per views of technical analyst VK Sharma, day traders can purchase IFCIIFCI Ltd stock around Rs 61.50 to achieve an intraday target of Rs 68.

If the stock market remains positive, the next target for the day will be above Rs above 70. The stop loss marked for the suggested stock is Rs 58.75.

Shares of the company, on Wednesday (May 14), closed at Rs 61.50 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 17235429. Current EPS and P/E stood at 13.39 and 4.74 respectively. The share price has seen a 52-week high of Rs 121.2 and a low of Rs 36.7 on BSE.

Buy Chambal Fertilizers

Technical analyst, Ashwani Gujral has advised investors to purchase Chambal Fertilizers & Chemicals LtdChambal Fertilizers stock around Rs 70 to achieve a target of Rs 88 within a week.

The strict stop loss for the suggested stock should be Rs 65.

The stock has great potential to go upside. It can still exhibit superb surge. The long term traders are recommended to hold the stock.

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