Close
  • SMC open account icon Open an A/C
    • Open an A/C
    • CHOOSE YOUR OPTION(S)
    • Trading A/c
    • Mutual Fund A/c
    • NBFC A/c
    • NPS A/c

  • F&O expiry likely in the range of 10,100-10,200; 3 stocks which could give up to 18% return
  • March 28,2018
  • blog(By Shitij Gandhi, Senior Research Analyst, SMC Global Securities Ltd.) Here is a list of top three stocks which could give up to 18% return in the short term.

    In recent short covering, call writers were once again seen active, as selling in 10200 and 10250 call strikes was observed which indicates that expiry might end up below 10,200 levels.

    However, put writers are still holding sell positions in 10,100 and 10,000 put strikes which indicate expiry in the range of 10,100 to 10,200 levels.

    The initial rollover data towards April series indicates long rollover in stocks. However, on any bounce in the prices, the Nifty index will face strong resistance at 10,250-10,300 levels. On the downside, the next support is placed around 10,100-10,050 levels.

    Here is a list of top three stocks which could give up to 18% return in the short term:

    Network18 Media & Investments Limited: BUY| Target Rs70| Stop Loss Rs53| Return 18%


    The stock has been continuously trading lower after testing 62 levels in the recent past. However, prices took support at its 200-days exponential moving average on the daily interval and once again recovered back above its short-term moving averages to form Cup and Handle formation on a daily interval.

    This week the breakout above the pattern formation has been witnessed which suggest for more upside in prices moving forward. So, traders can accumulate the stock in a range of Rs59-60 levels for the target of Rs70 and a stop loss below Rs53.

    (Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.)

    Manappuram Finance Limited: BUY| Target Rs119| Stop Loss Rs102| Return 10%

    The stock has been consolidating in range of 100-108 from last seven weeks alongside consistent buying at lower levels which formed the symmetrical triangle pattern on the daily and weekly interval.

    This week the breakout above the pattern formation has been witnessed along with positive divergence on secondary indicators like RSI and stochastic indicators which supports for the next up move in prices.

    Traders can accumulate the stock in a range of 108-110 for the upside target of 119 and a stop loss below 102.

    NTPC Limited: BUY| Target Rs187| Stop Loss 161| Return 10%

    The stock has been trading down for the last three months and recently slipped below its 200-days exponential moving average on the daily interval to test 160 level.

    However, this month some lower levels buying was seen in the stock which took the prices once again above its 200 days exponential moving average.

    Additionally, the stock has formed a cup and handle pattern on a daily interval which is a bullish signal for the prices. Traders can accumulate the stock in a range of 170-171 levels for the upside target of 187 with a stop loss below 161.

Follow us:

  • fb icon
  • Twitter icon
  • Linkedin
  • you tube
  • Instagram

Disclaimer:

SMC Global Securities Ltd | CIN : L74899DL1994PLC063609 | Registered Office: 11/6B, Shanti Chamber, Pusa Road, Delhi-110005. | Tel +91-11-30111000 | Compliance Officer: Mr. Ashok Kumar Aggarwal | Tel 011-30111000 Extn. 170 | Email:-aka@smcindiaonline.com| Customer Care Email –smc.care@smcindiaonline.com| Complaint Email –igc@smcindiaonline.com| website: www.smctradeonline.com

SEBI Reg. No. INZ000199438, Member: NSE (07714), BSE (470), MSEI (1002), MCX (8200) & NCDEX (00021). DP SEBI Regn. No. CDSL/NSDL-IN-DP-130-2015, SMC Research Analyst Registration- INH100001849, Mutual Funds Distributor ARN No. 29345. •Insurance services are offered through SMC Insurance Brokers Pvt. Ltd. IRDAI Regn. No: DB 272/04 License No. 289 Valid upto 27/01/2026. • Real Estate Advisory services are offered through SMC Real Estate Advisors Pvt. Ltd.

Disclaimer: Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Mutual Fund investments are subject to market risks. Read all scheme related documents carefully. PMS is not offered in commodity derivative segment. Insurance is the subject matter of solicitation. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Past performance should not be taken as an indication or guarantee of future performance, and no representation or warranty, express or implied, is made regarding future performance. The price, value of and income from any of the securities or financial instruments mentioned in this report can fall as well as rise.

By submitting your details to SMC, you are authorizing us to send promotional communication through Call/Email/SMS/Whatsapp even though you may be registered under DND.

OUR OTHER WEBSITES Go
IMPORTANT LINKS Go
QUICK LINKS
Go

Toll-free : 1800-11-0909
Email: contact@smctradeonline.com

Sitemap
Plus Minus 
Copyright ©2016-2024 SMC. All Rights Reserved | Disclaimer | Privacy Policy | Copyright| Testimonials| Sitemap| Grievance| design agency: triverse| Powered by C-MOTS Infotech (ISO 9001:2015 certified)

Open my trading account now!  X 

* All fields are compulsory