Friday, December 28, 2012

SHORT TERM TRADES; INDIAN BANK, ANDHRA BANK, KARUR VYSYA BANK








KARUR VYSYA BANK:
  1. Buy at cmp 560
  2. Keep a stop loss at 505 closing basis
  3. First target 585; second target 630
  4. Time to target: first target 1 month, 2nd target 2-3 months
INDIAN BANK:
  1. BUY at cmp 194. Keep a stop loss at 176 closing basis.
  2. The stock had a resistance at 190 which it has broken out of.
  3. Play for targets 200 followed by 211 and 225.
  4. Time frame 1-3 months.
  5. Conservative 6-9 month target 245.
TARGETS 201 AND 211 HIT 1/1/2013
ANDHRA BANK:
  1. BUY at cmp 117
  2. Keep a stop loss at 103 closing basis
  3. Scrip had a resistance at 113, which it has broken out of.
  4. Now targets are 121, followed by 129 and then 140.
  5. Time frame upto 3 months.
  6. 6-9 month target 154 and beyond.
TARGET 121 HIT 1/1/2013
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5 comments:

  1. AnonymousDecember 30, 2012 at 11:09 PM

    Your view on Dhanlakshmi Bank and DCB with TP and SL. Can safely hold 1 year.

    ReplyDelete
  2. SANJAY M.December 31, 2012 at 6:01 PM

    Hi there, DHANLAXMI keep a sl at 53 closing, good support at 64-65 levels, target 76 for booking part profits. The kicker could be M&A buzz which will take it much higher in case a deal is announced, even though fundamentals are rather poor but u can remain invested. As for DCB, fundamentals are much better, remain invested with a sl at 39 closing; good support in the 40-43 zone. Target 54 for part profits and move out totally at 61 unless, of course, some news based positives alter the targets on the upside

    ReplyDelete
  3. UnknownJanuary 4, 2013 at 11:39 PM

    Your impression o Lakshmi Vilas Bank@ CMP

    ReplyDelete
    Replies
    1. SANJAY M.January 6, 2013 at 12:12 AM

      The M&A buzz is keeping it going, has run up a lot, fundamentally no great shakes but could see higher levels, is a bit risky to get in now but in case u do, keep a sl around 104 and look to book part profits around 130 odd, keep hiking ur sl as it moves up and we can reevaluate around 130 levels.

      Delete

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