Market struggled today after Bernanke's speech at Fed.
Big impact on our market, this means there is lot of impact of foreign investors. Rupee is trying to cross 60 and this is panic time. FIIs are withdrawing. When they started withdrawing 10/15 days ago.
Strategy for next two days:
Sell Axisbank future at 1239-1232 and buy CALL 1240 in 15 to 20 range.
This stock is likely to touch 1190 and this is the time to exit both positions.If one could exit within two three days even if stock takes U Turn loss will be very minimum.
State Bank of India.
This is again reaching at buying level. If it goes below 1965 then it will quickly go in the region of 1850-1860. Stay away from SBI for few days for trading purpose but buy for long term near 1900 levels.
Book profit in Ranbaxy, TCS and LT strategies suggested earlier.
Exit SUNPHARMA at cost. Now since news of US case is out, stock might correct from this level to 930-925 level. Exit earlier PUT Buy option trade then.
This is the time to pick companies with good corporate governance and stable management. Invest in these stocks and forget for few months, perhaps for a year. Surely this kind of portfolio will bring better results than bank interest.
Some examples are below:
Buy LT Finance at current level around 80/- for long term. It should reach 135 within next 6 months.
Buy TATAPOWER at current level of 80/- for target of 115 within next one year.
Buy KTKBANK at current level near 135 for target of 175 in next 3 to 4 months.
Buy Vijayabank at current level of 50/-, It does not have much downside potential. It could go up to 42-45 levels but should show at least 20% gain over one year.
Buy IDFC at around 135 for target of 175 in next 6 to 8 months. They are again applying for banking licence and if they succeed, this stock will do very well and anyway it does not have much downside potential from here.
Buy WIPRO at current levels.
Disclaimer: This blog does not take responsibility of your profit/loss
Big impact on our market, this means there is lot of impact of foreign investors. Rupee is trying to cross 60 and this is panic time. FIIs are withdrawing. When they started withdrawing 10/15 days ago.
Strategy for next two days:
Sell Axisbank future at 1239-1232 and buy CALL 1240 in 15 to 20 range.
This stock is likely to touch 1190 and this is the time to exit both positions.If one could exit within two three days even if stock takes U Turn loss will be very minimum.
State Bank of India.
This is again reaching at buying level. If it goes below 1965 then it will quickly go in the region of 1850-1860. Stay away from SBI for few days for trading purpose but buy for long term near 1900 levels.
Book profit in Ranbaxy, TCS and LT strategies suggested earlier.
Exit SUNPHARMA at cost. Now since news of US case is out, stock might correct from this level to 930-925 level. Exit earlier PUT Buy option trade then.
This is the time to pick companies with good corporate governance and stable management. Invest in these stocks and forget for few months, perhaps for a year. Surely this kind of portfolio will bring better results than bank interest.
Some examples are below:
Buy LT Finance at current level around 80/- for long term. It should reach 135 within next 6 months.
Buy TATAPOWER at current level of 80/- for target of 115 within next one year.
Buy KTKBANK at current level near 135 for target of 175 in next 3 to 4 months.
Buy Vijayabank at current level of 50/-, It does not have much downside potential. It could go up to 42-45 levels but should show at least 20% gain over one year.
Buy IDFC at around 135 for target of 175 in next 6 to 8 months. They are again applying for banking licence and if they succeed, this stock will do very well and anyway it does not have much downside potential from here.
Buy WIPRO at current levels.
Disclaimer: This blog does not take responsibility of your profit/loss
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