Reliance Securities Market Lens (29 Nov 17) |


  • Of the addressable market of US$25bn for Majesco, around US$15-16bn relates to the L&A market.

  • We currently have a target price of Rs 667 on the stock

Positional Pick


For today’s trade, long position can be initiated at 518-515 for target

of Rs 545 with a strict stop loss of Rs 502

Intraday Picks


For today’s trade, short position can be initiated at Rs 706-709 for target of Rs 691 with a strict stop loss of Rs 715. Traders are advised  to avoid early morning whipsaw.


For today’s trade, long position can be initiated at Rs 423-420 for target of Rs 435 with a strict stop loss of Rs 417. Traders are advised to avoid early morning whipsaw


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About Reliance Securities

Reliance Securities, the broking arm of Reliance Capital, is one of the India’s leading retail broking houses, providing customers with access to equities, derivatives, currency, IPOs, mutual funds, bonds, and corporate FDs amongst others. The large array of financial offerings helps customers fulfilling their investment objectives on one platform. Focus on timely & error-free execution represents its core strength. Their best in class research offerings, high degree of compliance with stock exchange regulations, ethical business standards, & strong risk management capabilities; Reliance Securities positions itself amongst strong & innovative brands in the financial services space.

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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor accept any liability whatsoever arising from the use of any of the above contents.