Sunday, December 16, 2012

SHORT TERM TRADES: CHOLAMANDALAM INVESTMENT, TUBE INVESTMENTS, SREI INFRA FINANCE







CHOLAMADALAM INVESTMENTS AND FINANCE:
  1. BUY at cmp 265
  2. Keep a stop loss at 241 closing basis
  3. First target 273; needs to trade above 273 for some time for next target 292 and then 307.
  4. Time to targets; T1 10 days, T2 and T3,  2 months or so
  5. Kicker, NBFCs being re-rated and the possibility of a Banking Licence foray in the medium term
TARGET 273 HIT ON 18/12/2012
TUBE INVESTMENTS:
  1. BUY at cmp 181 or thereabouts
  2. Keep a stop loss at 165 closing basis
  3. Look for a 2-3 month target of 215
  4. Kicker, cross holding in CHOLAMANDALAM , excellent pedigree, other verticals also doing well.
TARGET 215 HIT 18/12/2012
SREI INFRA FINANCE:
  1. BUY in the 40-42 zone
  2. Keep a stop loss at 34 closing basis
  3. Play for a 1-2 month target of 50.
  4. Kicker, NBFCs the current flavour of the Market, Banking Licence buzz.
TARGET 50  HIT 4/1/2013

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