D-link has completed its 5 year time cycle i.e. from June 2016 to June 2021. As fall started in June 2016 which lead to its low of Rs. 49. Now, it has started the up trend backed by volumes growth and this is expected to take it first retracement level of 50% which is around 143 and than 180 levels.
Buy d-link with one year time horizon and can earn around 50%...
Based on Fibonacci retracement levels first resistance is around 427 level and once its broken can propel towards 492 levels. Looks good to hold for 1 year period with target of Rs 700.
Major value unlocking event is when government lists yono app of SBI and it can command hefty valuations for the shareholders.
Tata motors have formed bull flag and have been in the range for quite some time. Today it took out resistance of 321 and if closed above it could go and test first 330 and than final resistance of 358.
For short term traders
1. Buy 320 call for june series @ 24.65 with target of rs 30 first and than rs 45 if it reaches our 358 second target
2. also one can buy...
IDBI is all set to touch rs 80 levels in one month time frame. IDBI was at around Rs 82 levels when PCA was taken against it by RBI with RBI now putting it out of PCA frame work. Its all set to give out big gains to the investors.
Lets look at its financial conditions, which has shown significant improvement over the last one year period.
1. Life Insurance...
Buy 10600 puts for july end with stoploss of 10600.. as there is strong resistance around 10560-10600 levels and once can see profit booking kicking in. Plus, market has rally pre-maturely which could led to significant correction as result kicks inn.
Have seen significant rebound ,,,, one could easily get long covering around 9500 level which could see fall towards 9390 levels broken towards 9000 second target and final target 8600 over 2 weeks time period.
Based on fibonocci levels ... can fall towards 383 levels .. suggest buying put 390 for rs 8 with target of rs16. Stop loss of Rs 405.
Also, market is looking negative which will further support downward movement.
Nifty is expected to bounce back to above 12000 levels as budget movement get digested .... and short covering kicks in. Also, visible green shots in economy gets factored in. Plus, positive impact of DDT removal and new income tax regime.
See Nifty moving back to 12360 levels by end of feb.
Level to watch out stoploss at 11720... on upside first target...