Media Index hasn't really participated in the rally. Nifty Media
is 122.4% away from ATH
. Hence, some FIIs buying can be expected here. Network 18 also constitute around 6% of Nifty Media
. I expect some rally in this stock. A small portion of the amount can be diversified here for positional play.
Target - 45
Type of Trade - Positional Swing
Duration - 45 days.
Returns expected - 18.4%