Nifty Media is still 52% down from ATH. We should see some bullishness in this sector. SUNTV is 2nd highest contributor of Nifty Media. Fundamentally the company is good. We should expect bullish momentum to continue.
CMP - 495
Target - 570
Returns expected - 10.5%
Burger King is on the roller coaster ride since it's IPO listing. It met our Target of 200. went till 219 and now trading at 157 with consecutive two lower circuits. As we have very fewer historic data to analyze the technicals...We can focus more on psychological levels here. 130 to 145 is the 1st level of buying zone where stocks will be transferred from...
IPO was 156times oversubscribed. Retailers have a 15% stake in Burger king. Weak Investors will book profits while FIIS and DIIs will increase stake in Burger King. Sectors have great potential to grow. BK is itself a big brand. If financials are taken care off, we should expect this script to grow at least 3-4 times in short duration. However, as of now, I am...
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...
Graphite India being very niche stock. Demand for Graphite is rising in China and the international market. Strong support at 150. A big bullish trend can be expected.
CMP - 268.5
Target - 328
Support - 150
Type of Trade - Swing
Duration - 2-4 Months
ITC is trading at monthly 200EMA support along with Fibonacci support. From here downside is limited considering fundamental ratios. Not expecting much from results. However, there is a strong demand zone at 150-165. ITC can be a big bet for the year 2021.
CMP - 174.75
Short Term Target - 190
Mid Term Target - 220
SBI has underperformed compared to Bank Nifty. It is likely to expect that we can see some good momentum in SBI in the coming weeks. 225 is strong resistance as of now. This stock is certainly not a pick for the long term horizon.
CMP - 200
Target - 225
Position Type - Swing
Reliance has single-handedly lifted Nifty to Precovid levels. We witnessed chains of investments in Reliance for a couple of weeks. I am expecting Reliance to take support at 2030.
Target - 2030
We witnessed some weaknesses for a few days in Tata Motors. Tata Motors is trading at immediate support. We should expect some bounce back. 150 will be safe target. 160 is aggressive target.
Target - 160
Fundamentally good company. Once schools & colleges are open we can expect some strong upward movement. Currently trading at support. Some shopping can be done. 200 is a very strong support zone. 360 is the target price. Potential multi-bagger.
Time Frame - 1 year
Larsen & Toubro is a fundamentally very strong company. One of the best company in the technology sector. Valuations are also reasonable. Haven't participated in a rally yet. Likely to rally in the coming weeks.Short term target of 1000 & Long term Target of 1200.