Nifty Media is preparing for long run after so long.Underlying stocks such as PVR and INOX are already started to move and has given around 20% and 30% returns in last month itself...Media is getting huge upside potential at low downside risk. I am just doubted that media will retest the setup or not...Starting to add low quantities in media would be good option. News are also flowing in market regarding opening of theaters from 22nd Oct.
Here are some of the Media stocks for watchlist.
1. PVR
2. INOX Leisure Ltd.
3. Zee Entertainment
4. Sun TV
5. TV18
6. Dish TV
7. Network18
8. Saregama India
Personally i am planning to capture around 40-50% on media. Hope for the best...Thanks for reading...Have a good day :)
