Stock Trading Recommendations - Reliance Cap, Jaiprakash Asso

Reliance Capital Ltd.
Reliance Capital is recommended to sell. We maintain our views that there will be further downtrend on to the stock and it would go down and test Rs 255-260 within a short term. One should keep a stop loss of Rs 320 for the stock.

Jaiprakash Associates Ltd.
Short Jaiprakash Associates for short term target of Rs 57-55. We think that the stock is the next in line to get punished and Jaiprakash forms a perfect short at current levels. Fundamentally, we feel given the surrounding environment the stock could go and even test sub-Rs 50 levels, close to Rs 45-40 mark in coming days.

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