Hello all, hope everyone enjoyed friday's intraday ideas.. tata steel recommended at 563 (made a high of 572) , bank nifty, SBI and ICICI bank
Well nifty has close below 5000 which was considered as an important support levels due to which all round selling came in at a later part of a day.
However, nifty is expected to give strong bounce back tomorrow from 4940 levels. One can go long in nifty at around 4940 levels for target of 5080 - 5120 - 5180.
Sectors looking hot next week:
Hospitals. Few picks in this sector Fortis, Kovai Medical, Indraprasth Medical, Malar hospital and Apollo hospital
Apollo hospital can be bought @564 levels for 1 week delivery.. Looking very explosive
Weekly positional calls:
buy axis bank @935 SL 918 target 976,986
buy hdfc @2575 SL 2565 target 2693, 2701
buy hdfc bank @1664 SL 1598 target 1704, 1740
buy sbin @2134 SL 2064 target 2221, 2249
buy tata steel @ 564 SL 557 target 585
buy Rel cap @720-722 SL 708 target 745
buy Mphasis @ 726-728 SL 714 target 745
Note: bank stocks mentioned above would be a risky buy, but worth taking a risk. These stocks have come down heavily from their recent hights in last 2 weeks and thereby looks read hot buy at these levels
Short term delivery calls [1-2 months]:
Indag rubber.. target 130
Shilp Gravures.. target 100
Thinksoft.. target 350, 400
Bilpower.. target 260
Crew BOS product.. 72
Nilkamal plastic.. 200+ [1 week]
Long term bet [1-2 years]
Hikal, Unichem (next lupin in making) & Bilcare
Happy trading! All the best
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