CAPITALHEIGHT: WEEKLY PERFORMANCE (14 JAN 2019-18 JAN 2019) :OPTION PREMIUM SEGMENT

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OPTION PREMIUM SEGMENT

TOTAL NO. OF CALLS: 12

ACCURACY: 91.65%

TOTAL PROFIT (Rs): 387448

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Stocks to Watch For Monday- CROMPTON GREAVES CONSUMER ELECTRICAL’S LIMITED

Crompton Greaves ShareAfter the recent fall, Crompton Greaves made a bullish reversal formation as it registered a ‘Piercing’ pattern in the last session from around support of 224.It took strong support at the range bound level of 223-228 zone to reserve the trend into bullish where it managed to break out from its 100-days moving average level placed at 229 levels.

The momentum indicator outlined a positive divergence in price with its RSI at 56 levels, coupled with MACD managing to make a bullish crossover in past to trade above its Signal-Line. Therefore, we are recommending long positions in the range of 229-230 levels for the upside targets of 235-241 levels with a stop loss below 222.

Stock to Watch: http://moneycapitalheight.blogspot.com/p/stocks-to-watch-today.html

News Highlights:

  • IT firm Wipro on Friday reported 31.83 per cent year-on-year rise in profit at Rs 2,544.50 crore for the quarter ended December 31.
  • Sun Pharma, India’s largest drug maker on January 18 told stock exchanges it hasn’t received the alleged 172‐page whistle blower complaint and therefore, is not privy to the contents of the document

Market Commentary:

Crompton Greaves ShareThe Sensex was up 12.53 points at 36386.61, while Nifty was up 1.80 points at 10907.

RELIANCE, WIPRO, KOTAK BANK, HINDALCO,HCL TECH were the top gainers among Nifty 50 stocks while SUNPHARMA,BHARTIARTL, GAIL, HINDPETRO were the top losers.

Stock to Watch: http://moneycapitalheight.blogspot.com/p/stocks-to-watch-today.html