Trading Strategy share price target

In our previous update, we mentioned that the big gap in under performance of Emerging market over Developed markets is likely to narrow and India may outperform.

Nifty futures has rolled around 66% vs 68%, with respect to last month, and the open interest for the new May contract is down by around 33 lkh due to long unwinding of Nifty futures positions, in the last few days of expiry. Banknifty futures rolled at around 77% vs 68% compared to last month.

Technical Analysis of Market Trends for January, 2017

Pecking order in power value chain: PowerGrid is better placed with strong business model as UDAY and power generation is expected to gather pace. It is a central transmission utility with more than 40% market share, commands transmission lines in excess of 127,539 kms and Sub-stations in excess of 248,164 MVA. Being a regulated state-owned enterprise, we believe this company has a capability to generate decent return on equity model. Speed of capitalization Better than internal target: We firmly believe the capability of the company to achieve the capitalization targets of Rs.280bn or excess in FY16. During 9MFY16, company...

the release of the 2013 Budget on 28 Feb 2013, the Nifty Futures OI gradually rose and peaked on the day prior to the release of the budget

BUY Jain Irrigation Systems between CMP at RS. 53.50 & Rs.51 for a target of Rs. 59-65. StopLoss at Rs. 49

Buy Infosys Ltd between Rs.1098 to Rs.1050 for a target of Rs. 1030. Stop Loss at Rs. 1190

One could initiate a statistical pair trade on the expectation that ITC will outperform HUL in the near term

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