Amit_Ghosh
Long

Federal Bank Investment Idea - Kerala Flood Effect

NSE:FEDERALBNK   FED BANK
Brokerage Emkay Global said Federal Bank remains at major risk due to this unforeseen event with 34% of lending and 64% of deposits directly linked to the state. But 62% of Kerala-based deposits are contributed by the bank’s NRI customer base and of the Kerala-based lending book, 51% was corporate, 28% towards SME/MSME and 21% were to the retail segment.

This stock will likely to stay rangebound for next quarters giving us ideal swing trades! The Federal bank currently has suppressed ROA and ROE due to aggressive provisioning. If we take that into our forward pricing. It is trading at a very attractive price.

This trading diary of mine will cover the aspects of the covered call method I generally impose to hold shares in terms of the derivative investments. However, the trader's eye should be on this chart -
Trade active: Entered at 81.35
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Comments

I am in too...Bought sep CE 90 at 1.70
+2 Reply
RAMUKUMARM mangeshingle1729
@mangeshingle1729, hope this will give some profit
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Hello Sir, what is the target for tomorrow?

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@Amit_Ghosh - I had bought Sep18 80CE at 4.15, but in loss right now. Should I hold on or exit? Right now it is at 1.90
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Amit_Ghosh GaurangJoshi
@GaurangJoshi I will let you know when I exit. But I don't know what will be ending of fedbank in September.
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GaurangJoshi Amit_Ghosh
@Amit_Ghosh, Sure thank you so much for the help :)
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GaurangJoshi Amit_Ghosh
@Amit_Ghosh, just an update, I exited at 1.50, keeping in mind the SL I had in my mind !!
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Update
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Amit_Ghosh muhd_nihal
@muhd_nihal, Closing below 73 will trigger price action. Till then chill with 80 CE or something short as hedge. But I won't recommend hedging it too. It can short cover badly.
Reply
Hi Amit, this stock has formed gravestone doji yesterday will it be fall I am little neverous, give me your view technically on this stock
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