NIFTY 50 INDEX – CMP – 10800- A Very Brief Simple Review

NIFTY 50 INDEX – CMP – 10800 The nifty index is looking overbought for the time being and we believe its time to exit longs and possibly enter short positions, it can be done by shorting calls which is best way, and other relatively pricey method is buying puts. At the same time we maintain that the market is in sideways, low volatile, non trendy, low volume, range bound phase, and likely to remain so with only some intraday ups and downs...

YES BANK LTD - Medium Term View - Stock Recommendations - Buy -Sell or Hold ?

YES BANK LTD – CMP - 185 This stock is presently stuck amidst huge turbulent newsflow including rift between promoters, RBI intervention regarding the same, consequent resignations of board members, RBI regulatory notices and so on. The stock saw support around 200 from a life high of 400 in 2 months, after it fell below that level, but soon resumed its decline and tanked to 150 on a bad day, only to rebound to 180 plus levels in next few days. The...

PIRAMAL ENTERPRISES LTD - Short Medium Term View

PIRAMAL ENTERPRISES LTD (PEL) – CMP - 2213 This is a great midcap group stock. It has scaled heights of 3200 mark and receded from thereafter on the back of the present 2018 market route, however recovered and stabilized like the rest of the market during the last two months. The stock took support on weekly chart on its 200 DMA and is hovering around 2000-2100 mark. We believe it to give good return over next 12 months. It’s a good company...