Hello Readers !!
Today Nifty showed good recovery form the low level and up move sustained towards closing of the market.
In these market you can adopt strategy sell on rise and hedge nifty between 5700 to 5900 levels , As a Trader be Short on Nifty till close above 5900 level .
You can have Strategy such as sell nifty at current levels for tgt of 5800 -5750 levels and hedge it with call of 5900 NOV futures that will be best bet in the market.
For Investor i can say it is a discount sale which is available in Nifty so be Bullish on Market and Buy on Dips !!
Investment Ideas for Month :-
1. J P associates @ 104 for tgt of 140 as it has had betting with no fundamental changes so bullish on it.
2. Suzlon @ 44 levels for short term tgt of 52-55
3. Pipava Shipyards @ 70 for Tgt of 85
4. Cain India @ 292 for Tgt of 350
Many more to come !!!
Thanks & Regards
Dev Purohit
The downside is limited; and risk reward are not favorable in short as of now wid ur recommended sl...
ReplyDeleteInfact a better strategy for shorts wld be to buy a call.
Note: Ma view on Nifty is bullish above 5865 (future levels)