Is It The Right Time To Buy Stocks After Coronavirus Stock Market Crash Or Not? Looking From PE Ratio Angle

Stock markets have declined in excess of 30% due to Coronavirus stock market crash in India and world over. Bluechip stocks like HDFCBANK have also fell more than 30% that is an expectancy of EPS coming down by same percentage points. Everyone must be wondering regarding what to do after crash in stock market due to COVID-19. This piece would also look into what’s in store for stock market investors in near future and if and how to take benefit of Coronavirus stock market crash. In our new articles we will also discuss about what stocks to buy post Coronavirus market crash and when to buy.

Let’s analyse this purely on maths. Suppose, the companies‘ have to shut operations due to Coronavirus effects for one quarter i.e. 3 months; in that case the sales and profits will decline by a quarter of what they are on annual basis. Take example of HDFC BANK; say it is clocking growth of 40% annually then this number will decline by 10% and the new annual growth rate will be 30%, so according to this calculation the PE should decline by 10% and not 30-50% which has been happening with most shares.

Also, unlike recessionary situation, the companies will save on many variable costs like electricity, transports etc. depending upon the nature of the business of the firm. These will cut down on operating expenses side offsetting some of the erosion on the profitability side.

The government will also provide tax benefit and other soaps for most sectors of the economy that are likely to be affected due to novel COVID-19 virus crisis and lockdown post its spread.

Some assumptions:

This analysis assumes the nationwide lockdown to be of 3 months or less.

I also assumed that the growth of companies is evenly distributed over 4 quarters.

EPS/PAT does not have direct perfect correlation with Sales as many operating factors could influence it y-o-y in different magnitude.

Investors use PE, EPS and market price of the stock as prime factors of importance while considering investment.

Coronavirus/novel COVID-19 Pandemic Crisis and Your Stock Market Investment

Effect So Far:
For last few weeks the world has been facing a pandemic crisis due to Coronavirus/COVID 19, which began in Wuhan city of China and has spread through out the world, in almost all countries.

As of now about 3 lacs have been infected with the deadly virus and 15,000 have died.

The pandemic situation and its imminent and potential recessionary effects on the economy has caused the market to anticipate decline in topline and bottomlines of the businesses and caused massive and unprecedented fall of up to 30-40% in global stock markets within a matter of few days.

The world markets started crashing from about 15/17 February 2020 and over the span of next 4-5 weeks they witnessed jaw-dropping gyrations before settling down 30-40% lower from where this downward journey started experiencing circuit-breakers halts in trading in most stock markets.

The base commodities such as crude oil, copper etc. also tanked 30-50 per cent over the period with crude oil nosediving 50% which was already having a negative outlook

Should you buy stocks now?
This is in fact not a question asked for one situation. This question is same that is asked on any good or bad day, "What is the right time to buy?". And the answer also remain same, "All time is good to buy stocks."
The investor who sees markets falling, a stock which she has seen at 100 declines to 80 or 50 or the benchmark index which was at say 12,000 and now is at 10,000 or lower; this experience basically instills fear into her mind and a desire to avoid the pain lets the birth of question or decision that she should not invest at present or what could be the right time to buy so that the prices does not fall and only goes up from her investment level.
So, what does "All time is good to buy stocks." mean. It means what it says and its true. It, in fact implies 'consideration' and not actual purchase.
See, there are two things. One is individual stock and other is the benchmark itself. Remember, the investment is always done on the basis of fundamental analysis i.e. the valuation of individual stock or stocks.
So, the point is it is possible that some stock is available at cheap valuation while benchmark index is continuously rising up and up and has become pricey on many parameters such as historic PE, market cap to GDP etc.
So, one thing is clear that there are thousands of stocks listed on a stock exchange and you need to do individual company analysis to determine whether that stock should be bought or not irrespective of the benchmark index. Likewise, it is possible that in a bear market many stocks could still be overvalued.
So, this was the valuation angel explaining need to arrive at investment decision based on fundamental analysis of individual shares to find out its right attractive valuation.
Now about calling bottom and top in the market i.e. market timing. There is a proverb among the learned in the market, "Only a liar or fool have found top or bottom in stock markets.", meaning thereby, it is impossible to call top or bottom in benchmark index or any individual stocks. Historically it has not been possible neither does it look like it could happen in future.
That said, the investor should remove the argument from her mind about 'Investing when market will form bottom as it will come down more', or "Investing after the market corrects as it has been rising continuously and a correction is possible because of which prices will decline and stocks will be available cheaper".

History of stock market re-bounds after crisis:
The stock market has witnessed huge ups and downs over its existence across centuries. It has witnessed recessions, depressions, wars, commercial and technological disruptions, economic, political and social revolutions. It has also witnessed pandemic situations in past. And it has reacted by going up or down. But is has never shut down forever. It has stood tall after every crisis has passed. They have fell and badly; but risen again only to achieve new highs in terms of benchmark indices; and so will it happen after everything is settled of Coronavirus.

Every crisis ends:
The great depression of 1929 lasted for only 3 yrs, and mind it was 'the great depression' having no consumers and producers or technology of present day or central banks and governments which have power to affect economy with superb precision with its fiscal and monetary policy. Also, there was no globalization neither institutions of global cooperation such as UN, WTO, World Bank, EU, SAARC, ASEAN etc.
Forget that; the 2008 global financial crisis led recession lasted hardly  for one year.
In a nutshell, the stock markets bear phase does not last too long and they rise as sharply as they fall. Again, to avoid loss of capital, you need individual stock investment strategy and active portfolio investing process. Following benchmark index of the world up and down and smiling and crying and getting confused and then all happy or sad is not a sign of smart investor.
The present Coronavirus crisis will also end soon and things will be normal before you know. Fortunately India has not been affected terribly compared to the rest of the world. We have so far registered less than 300 cases with less than 10 deaths due to COVID-19 infection.
So, at present, this whole crisis is more of panic situation in India than an actual one, which it could become if the government does not come in action and take measures which is rightly has done.
So, those out there who want to invest need not wait for the crisis to end and then start investing. Because when the SALE is over, you will be left out again with new higher prices. When everything will get back to normal there will be stampede to buy stocks and you will be staring at same old high levels again. Remember the old adage - The opportunity of a lifetime has to be seized in the lifetime of that opportunity.
The mortality rate is 5% which is not alarming. China, which was the epicenter of this crisis has reported zero new cases in last 3 days which is astonishingly relieving. At many places, successful drug trials and certain combination of medicines have cured positive Coronavirus patients.

The India specific case:
For any stock market to run, the listed companies need to be in business and make profits. For the companies to be in business and make profits, they need an economy which has demand and supply of goods and services in abundance.
India has this enviable advantage of domestic producers and domestic consumers, which can practically guarantees the well functioning of the economic engine.

In conclusion:
Every crisis eventually ends.
The world will go on.
We are in capitalist and free market economy where stock market is an important pillar.
Capitalism is here to stay.
Stock markets eventually only goes up. But not all stock will.
Investment is done on the basis of fundamental analysis and individual stock valuations.
Trading is done based on technical analysis and math.


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Buy Vodafone Idea Ltd for Long Term : Buy 5000-10000 shares or more

Buy Vodafone Idea Ltd for Long Term : Buy 5000-10000 shares or more

Main Arguments to buy:

1. Stock should be bought in your portfolio in 'penny stock' category
2. Stock holding duration can be 5-10 years.
3. Target of the stock price is 50-100 rupees in next 5 years and thereafter as per the then prevailing condition about telecom sector and the company in specific.
4. There is little to lose by investing rupees 5-10k shares and a lot to gain.
5. This stock fits in a classic buy category of penny stocks and potentially 'once in a lifetime' kind of investment idea that comes in investing life cycle.
6. Telecom sector has matured and in developed markets also there remains 3 big players at the end of the growth cycle and beginning of matured profitability cycle.
7. All the 3 players namely, Reliance Jio, Bharti Airtel, and Vodafone Idea have about equal market share wiz. 35 crores around, which is very huge.
8. At this time it is highly unlikely that there can be any M & A activity between them.
9. 35 crore user base is very huge and a small margin of profit can also reduce debts considerably and make this company profitable in few quarters only. Once debt free it can fetch tremendous valuation as the 35 crore user base will offer immense profit potential over the period of future.
10. The parent company Vodafone Plc is a very old global telecome conglomerate having operations in many countries and looks unlikely that they will liquidate their operations in a lucrative market such as India after all they have faced and especially now when the Indian telecom market has matured and in some time to become profitable (in gross terms) to all operators and the tariff war also has ended.
11. Looking at about point it does not look very tough for an MNC like Vodafone to raise few billions of dollars fund if it has to require for its operation in India.
12. The disruptor Reliance Jio has already announced it will charge IUC which will be income to the Airtel and Vodafone Idea as well as it will start charging the users slowly and eventually as per its plans, so that is a relief for both Airtel and Vodafone Idea as they can also start charging.

Looking at above arguments, we strongly recommend to put some money in this stock at present price.

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Eicher Motors - Investment View

EICHER MOTORS – INVESTMENT VIEW CMP-20200

This company has been performing extra ordinarily in terms of all the financial parameters of growth and return. The stock is also rewarding the astounding performance of the company likewise by rising continuously and becoming one of the best performing shares in Indian stock market history and wealth generation category.

It got beaten up from its recent highs of 33500 to 20200 levels as of this writing.

The price to earning ratio is 25 which makes it an attractive buy for an investor and we are saying this because a company growing at such a pace as Eicher, will command this much valuation.

We believe an easy return from this levels down few months.

Pls check out the weekly chart for reference. However the call has been from a fundamental analysis perspective.

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DOW JONES sold off badly as expected

DOW JONES sold off badly as expected

In our past market updates, we have been warning about the imminent upcoming sell off in USA Dow Jones index, the resistance of India and other EMs to bow down and follow it on the down side as well as how they will not be able to cop with a heavy sell off in the same. While the Dow Jones decline was given, and the Indian markets touched their upper end of the range that it has been trading for some time; those in knowledge of the pattern made good money on both up and down side.

As of writing this Indian stock markets are yet to open and on Friday DOW JONES shed another 500 points, Asian markets are about mixed, and SGX NIFTY also not a lot indicative with flattish or non-indicative bias. We maintain sell on rise and buy on dips with stock specific movement.   

Read recent articles for more insight as the structure of markets and present trading strategy remain same more or less.

We do not believe that the cut in GST rates will have a great deal of impact in view of the monthly movement of markets.

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Market Review As On 12.00 PM, 21 December, 2018, NIFTY-50, SENSEX-30

Market Review As On 12.00 PM, 21 December, 2018, NIFTY-50, SENSEX-30

Ultimately, the Indian stock markets bowed down to the mighty US DOW JONES INDEX; at least what it looks like right now.

We have been talking about how the resistance showed by Indian stock markets along with its Asian counterparts, against US Equity markets decline, with low volumes and unsustainable news flow, should not be taken for granted and must be traded with care and caution. Our yesterday’s blog titled ‘beginning of reversal from short term uptrend…’ also cautioned about the same and explored the possibilities of further up moves in Ems without the support of the DMs esp.USA, and found that it is very difficult.

Its not always a bull market when the markets go up few hundred or few percentage points for few days or weeks and so is true on the other side as well. We have to take into consideration the variety of factors.

We have been maintaining more of a sideways and range bound type market along with most of prominent analysts out there, and not arguing about a crash or continuous rally. Pls read previous articles to find tips on how to trade this type of market.

The NIFTY-50 opened gap down about 100 points, and then gave up 30 more points as of this writing. The markets which were very strong against the odds fell so much on open is an important technical sign, and it will remain to be seen how the indices ends. At the same time, pls keep in mind that we are still not advocating ‘sell all’ mode but trade with strategies and mindset that is fit for range-bound, sideways type low volume market.

We talked about 200 odd points correction, so the NIFTY-50 move towards 10700-750 which is also its lower end of the range of daily chart and 200DMA on its important hourly chart, should be traded.

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HINDUSTAN AERONAUTICS LTD. - 785- Multibagger & Value Buying Medium To Long Term Investment Indian Stock Markets

HINDUSTAN AERONAUTICS LTD. - 785

This is a State Owned profit making defence manufacturer with sound fundamentals and good valuations at current price of Rs.-785, we believe it to give multibagger returns in next 5 yrs.

In light of the increasing defence spend by India and focus on manufacturing in India as well, this firm is likely to gain higher growth than its past years.

In a recent report of Stokholm International Peace Research Institute, HAL has been named among top-100 global defence firms and ranked it 37^th in emerging producers list along with other 3 Indian firms including Bharat Dyanamics which is also listed.

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MRPL- Trading View

MRPL- Trading View

All our recent recommendations seem to have performed very well, even in the face of the mild intraday corrections that we are witnessing due to resistance levels.

The decline in crude oil prices and almost 50% crashes in the OMC stocks have warranted a good bounce back in IOC, BPCL, Chennai Petro, ONGC share prices. MRPL can be traded on the upside with 80 plus TGT. CMP is 75.

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Beginning of Reversal from Short Term Up Trend Or Just Breather at Resistance : NIFTY-50 View

Beginning of Reversal from Short Term Up Trend Or Just Breather at Resistance : NIFTY-50 View

In our past week updates, we have been constantly saying that to trade successfully first you need to understand what type of market you are in, like bullish uptrend, bearish downtrend, or sideways and so on. Suppose, we are in a sideways/pullback kind of market, then we need to decide how to trade it. There are different approaches and styles to trade these different types of markets. Many traders trade only one type of market and stay away in other types of market, while some all-season traders or ‘every-day’ traders trade in all type of markets.

Anyways, lets come to market analysis, we yesterday market could give gap up above 11000 points nifty-50 index, but yesterday itself it kind of touched that level, and came off later on. However the index didn’t closed in DOJI pattern, but opened gap down/lower today morning which makes it vulnerable to making a very reliable evening star pattern which could either send market in a good decline of 200 points of more or even reversal to its six month old downtrend or more possibly just the sideways market. We believe the later more probably.

The NIFTY 50 INDEX is right now at 10900 and a slow decline of 200 points as mentioned in one of the scenario is possible, however in that case the midcap rally and individual stock outperformance may continue as repeatedly mentioned in last many updates. Looking at the response of the markets to last many sell offs in USA markets, the ‘evening star pattern’ backed sell off and revert to the 2017H2 correction cum bear market phase does not seem a lot probably, however we should be ready with all options when one is trading in the market where best brains of the world come to make money.

Read previous posts for further references.

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NIFTY 50 INDEX – Gap up can happen 11100

NIFTY 50 INDEX – Gap up can happen 11100

The Indian stock markets have shown good resistance in respect with the defeat of the ruling BJP in three states ahead of the next year LS elections. The crude oil prices have softened, easing the burden on the central government fiscal front, the export – import balance of payment front and the economy as a whole which uses the petroleum produces at every step of commerce. The market has also been digesting all DOW JONES falls along with its Asian counterparts. There is also lack of bad macroeconomic data, result season is not going on and many macro data is coming positive. With new RBI governor appointed from goodbook of PMO has also removed the newsflow of RBI and Govt. tensions.

The market can again get into sell off move if global markets start to sell of on the back of huge panic selling and sell off in USA DOW JONES markets. However, the Indian LS Elections is not a trigger right now as it is still far away many months before that we will see a budget from the incumbent government.

The nifty 50 index can open gap up in absence of any unforeseen bad news to around 11100 which is currently at 10950 levels. If this happens then we may see further immediate upside or possible consolidation, in both cases we are bound to see the continuation of the midcap rally and individual stock specific decent upmove in frontline stocks as well. Remember, this rally is not supported by good volumes so take profits and keep mentality of getting in and out. At the same time it must be kept in mind that 10950-11000 is the short-mid term resistance level and if today it closes around the present level and makes a DOJI candlestick formation and opens gap down or goes down significanly after opening flat or up then it will make a bearish pattern right at the resistance level, then we will again fall into a sideways trade decline and possibly a follo up sell of may be on the back of the global markets fall.

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Market View and Trading Signals : DHFL, SAIL, YESBANK, GRASIM,

Market View and Trading Signals

As per our last review market has been in a range and not given any break out. Also, the midcap rally and individual stock price movement on the upside has maintained its momentum.

Below are some stock trading views for December, and January depending on weekly, monthly trading and depending on wheather you trade in options or futures of stock cash delivery.

DHFL : Cmp-225, Buy Dec or Jan Call Options or Delivery.

YESBANK: Cmp- 181, Buy Dec or Jan Call Options or Delivery.

SAIL : Cmp-54, Buy Dec or Jan Call Options or Delivery.

May other trading stocks recommended in earlier posts and to paid clients. Good time for intraday and weekly trading with quite market.

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This is only a brief analysis and not a complete research report.

The given views are subject to change depending on changing market and global economic conditions. Become member to benefit from market and individual stock moves. Become member to get alerts for buy and sell with targets. Please read complete disclosure, disclaimer on our website.

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Indusind Bank – Short Term View

Indusind Bank – Short Term Buy

Current Price is Rs.1625.

A trader can get good rise of 100-200 points.

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This is only a brief analysis and not a complete research report.

The given views are subject to change depending on changing market and global economic conditions. Become member to benefit from market and individual stock moves. Become member to get alerts for buy and sell with targets. Please read complete disclosure, disclaimer on our website.

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Stock Market Nifty Sensex Dow Jones View – As On 17 December 2018

Stock Market Nifty Sensex Dow Jones View – As On 17 December 2018

We continue to predict a sideways market with sell on rise and buy on dips as well as individual stock price movement type trading market. Earlier also we have said that during the past month’s pull back many stocks which were hammered in the erstwhile sell off for as much as upto 50%; have made base and are likely to give 10-20% up move in the sideways, range bound type of scenario with low volume market participation and mutual fund buying where there is lack of speculative interest.

These stocks include stocks like SAIL, BHEL, Wockhardt, Adani Ports, Yes Bank, DHFL, and others.

One thing to notice is the sharp fall over last few days in crude oil prices of almost 30% to 50 USD per barrel from 75, and the easing tension on US-China trade war front. This may help a year end rally in already battered European, and Asian markets, while it is possible that USA markets may continue to remain sideways and non-eventful with bouts of volatility with no significant trendy movement. We are anyways already seeing a decoupling between the all three wiz.USA, Europesn, and Asian markets regard with the movements when we saw Asia markets perform better many days even though there was 500 points or more decline in USA markets the day ahead. So basically the trades are short term and a lot of portfolio shuffling is happening across the global investors groups.

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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 with more and more individual stock moves. The reaction of markets to RBI governor resignation and the slack performance of ruling BJP party in 5 state assembly elections does not say anything but reinforce the same fact. We believe the oil and gas and some other beaten down sector would benefit with the sideways market and may rise along with some other beaten down NBFC stocks. The market may rise only due to lack of short selling, and will tank due to lack of buying as stocks hits resistance in due course.

In case market gaps up tomorrow due to oversold European and Asian markets bounce back and non negative reaction to BJP losses in election, then we may see 11000 nifty level and domestic bout of stock buying for few weeks with same range bound non momentum trend.

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This is only a brief analysis and not a complete research report.

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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 stock is trading at a very attractive PE ratios of 10. The market commentators say that it’s a corporate bank and not a consumer bank like HDFC Bank, so it is not commanding the premium like it and so on. However we believe the stock’s fair value is above 250 and this level is very very attractive to buy for a one year period or more. Yes bank is not closing down and is here to stay. Buy on all dips. All the bad news is out discounted, now on only good news is expected. At worst, the stock may go down again around 150 but as we saw it has great support at that level. You need to be fearless when buying a great company at great valuations amidst bad newsflow. It is this type of investments that incur you above alpha returns.

For best services for traders and investors in Indian stock market for multibagger stock calls and intraday stock, nifty, stock futures, options trading calls visit our website www.meghacapital.in

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This is only a brief analysis and not a complete research report.

The given views are subject to change depending on changing market and global economic conditions. Become member to benefit from market and individual stock moves. Become member to get alerts for buy and sell with targets. Please read complete disclosure, disclaimer on our website.

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 to invest for financial planning goals portfolio building as well. In a good short-term up move it is expected to surge to its 100 DMA of around 2500. The MACD situation is not as supportive, however the sideways type of market will prove to be non-beta for the stock.

Having said that, the stock being a core midcap, has high beta value and may gyrate along with the benchmark indices and not tend to outperform in the face of underperformance by the rest of the markets. Read different article on overall market outlook for the next 12 months with spanning major events such as the Loksabha elections of 2019 and the USA-China tariff war as well as the USA equity markets hitting a speedbreaker.

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LIC HOUSING : SHORT TERM TRADING VIEW

LIC HOUSING : SHORT TERM TRADING VIEW

CMP is 455, We expect short term upside of 100 Rupees.
Indian stock markets are in a trading range right now so trade accordingly. Don't buy on rises and sell on declines.

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INDIAN PHARMA SECTOR STOCK MARKET ANALYSIS – IN REGARD WITH NIFTY PHARMA INDEX

INDIAN PHARMA SECTOR STOCK MARKET ANALYSIS – IN REGARD WITH NIFTY PHARMA INDEX  

As you can see in the given Weekly chart, the NIFTY PHARMA INDEX surged almost 100% from about 7000 to about 14000 levels in one year from may 2014 to may 2015, and since then has been languishing and correcting or in a bear market with declines of almost 50% in most frontline stocks excepting individual performances in mostly midcap companies (such as Biocon, Natco etc.).

With its, present upsurge of about last 3-6 months, it has managed to cross 100 DMA swiftly and now come at 200 DMA. Right now around 10500. The RSI situation is also looking oversold. It looks highly unlikely that the Index which has risen 20% in past 4 months . Also, if the index continues its upsurge and go about towards its 14000 peak, then it will almost be like a vertical rise. It will be like covering 3 years of bear market decline in less than one year. Can this happen? Yes, anything can happen in stock market; but for that a lot of things has to happen, that too negative. Lets look at it this way. The pharma Index' outperformance is not absolute and without reason. It is coincided with the underperformance or rather decline in the market and the broader sector during this entire year. The fall in currency has been pivotal in outperformance by this pharma and IT stocks which are so called 'defensive' in stock market terms.  
In conclusion, we can say that, if the broader market continue to languish through the election in 2019 which is still 10 months far, then the 'defensive' card can turn the pharma sector into further outperformance and the investing and speculative buying can boost the index to its life time highs of 14000.  
Now, the actual technical analysis as given here mentioning the weekly chart, is that a bearish evening star pattern has been formed and we might not see continuation of the recent upsurge continue on immediate basis. However, if the index consolidates in this 10000 and 10500 range and then starts fresh upmove then the above forecasting of it scaling peak can not be ruled out.  It should also be kept in mind that pharma has diverse stock selection in terms of largecap, midcap and smallcap. So selection of stocks will also matter in your trading strategy as the index comprise of 10 stocks only. We have already been mentioning to remain upbeat on this sector since last few months and it has played out quite well with proper trading strategy keeping in mind the stock selection and overall market movement.

The given views are subject to change depending on changing market and global economic conditions. Become member to benefit from market and individual stock moves. Become member to get alerts for buy and sell with targets.

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INDIABULLS HOUSING FINANCE – Short Medium Term View

INDIABULLS HOUSING FINANCE – Medium Term View 

The NPA epidemic has spread into some of the private pure play NBFCs and this one is one of them and investors and traders also seem to see it to be topping out and booking out hefty profits incurred during last 2-4 yrs. 
Technically you can see how it is looking breaking down from range of 1400 and 1100 to may be go down below 1000 to 850 levels. With this new currency situation in play and the possible RBI response to that, the whole financial segment is now being looked at as risk area in certainty terms what may or may not happen with rate hike and of course the technicals (benchmark indice moves) and new factor (upcoming election calculations of investors) also factored in. The straight upmove days for broad markets are long over for the 2nd half of FY19 is very clear.
Anyways, the suggested stock can be traded by selling call options, buying put options, selling futures, selling delivery shares, selling intraday levels.

Become member for complete analysis with charts. Trading analysis is based 80% on technical analysis and 20% on fundamental analysis along with news flow impacts.

For best services for traders and investors in Indian stock market for multibagger stock calls and intraday stock, nifty, stock futures, options trading calls visit our website www.meghacapital.in 

The given views are subject to change depending on changing market, sector, individual company and global economic conditions. Become member to benefit from market and individual stock moves. Become member to get complete analysis, and alerts for buy and sell with targets.