Based on my technical analysis of IFCI and JaiPrakash Hydro-Power, I chose IFCI and bought it at Rs 47, with Target price of Rs 55 in next 10-15 days as 2009 Budget sentiments get settled.
Its a good idea to keep accumulating reliance communication for long run on every dip. Currently its at Rs 295-300 range. This stock have a potential to go back to Rs 400 range in near future, may be by Diwali time (Mid Oct 2009).
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