MY PAPER TRADE
Sell Bharti 300 CA Apr @ 14.50
Buy Bharti 320 CA Apr @ 5.40
Max Profit: Rs. 4550 (excluding commissions)
SL: Spot prices moving above 322 it has been a stiff resistance in recent times.
My Analysis:
1) Bharti is in Long/Medium Term Downtrend. Markets are also overbought since quite some time & hence a correction is looming around.
2) Entire Telecom sector hasn't performed well & is in downtrend.
3) Bharti has to pay alot for the recent acquisition in Kuwait and hence wouldn't spend too much on the on going 3G auctions. Moreover even if it does it would stretch its financials for atleast short term and hence no positive move is expected out of it.
4) Moreover both these calls are quite liquid and hence in case of any problems can be squared off immediately.
EXPERTS PLEASE ADVICE ON THE ABOVE.
Sell Bharti 300 CA Apr @ 14.50
Buy Bharti 320 CA Apr @ 5.40
Max Profit: Rs. 4550 (excluding commissions)
SL: Spot prices moving above 322 it has been a stiff resistance in recent times.
My Analysis:
1) Bharti is in Long/Medium Term Downtrend. Markets are also overbought since quite some time & hence a correction is looming around.
2) Entire Telecom sector hasn't performed well & is in downtrend.
3) Bharti has to pay alot for the recent acquisition in Kuwait and hence wouldn't spend too much on the on going 3G auctions. Moreover even if it does it would stretch its financials for atleast short term and hence no positive move is expected out of it.
4) Moreover both these calls are quite liquid and hence in case of any problems can be squared off immediately.
EXPERTS PLEASE ADVICE ON THE ABOVE.
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