RELIANCE CAPITAL, RELIANCE INFRA, IVRCL : SHORT TERM TRADE

RELIANCE CAPITAL:

1. BUY at cmp 381
2. Keep a stop loss at 373 closing which is the 50% Fibonacci retr level.
3. First target 393 possible in the next 15 days
4. Second target 422 possible in the next 3-4 months or so.

RELIANCE INFRA:

1. BUY at cmp 569
2. Keep a sl at 544 closing which is the 50% retr level
3. Play for a target of 604 in the next 30 days or so.

IVRCL:

1. BUY at cmp 51
2. Keep a sl at 48 closing basis.
3. 1st target 56 possible this week followed later by 58 and then 63.
4. Time frame for 3rd target 4-5 weeks.

CAUTION:
A lot depends upon the external macros; the above targets are assuming that the risk-on continues and the fundamental triggers for the Indian Markets ie Governmental Policy initiatives post 3rd week of July and the Monsoon etc pan out favourably.