Thursday, 20 June 2013

Update and Ranbaxy

Bernanke has not done anything and obviously it seems at least today investors did not like it. Immediately many markets, DOW, Nasdaq, S & P 500, Gold shown down trend.

Perhaps this will continue for next one or two days and reminiscences will be seen in India tomorrow. If this happens, and markets move towards south, it is the time to book full/part profit in all short positions.

Update:
TCS: First target 48 and second 65.
LT: Hols strategy.
SBI: Book profit of 2000 PUT is giving profit of more than 100 points or hold till weekend.
Lupin: Eventually it will come to 880/900 range. Hope it does this before this expiry. But book profit if Lupin goes below 925/930 levels.


Ranbaxy:
Buy 350 Put @ 8-10.
Maximum loss 5000/- but Ranbaxy can slip to 310- 300 levels.  And this trade has potential to give handsome 25 points profit per trade. Target 24/35

DLF: Hold
J M Finance: Hold


Disclaimer: This blog does not take any responsibility of your profit/loss

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