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Top 4 stock recommendations for this week
LTTS| Buy Above: Rs 1,639 | Target Price: Rs 1,770
MARICO| Buy Above: Rs 390 | Target Price: Rs 405
The RSI is seen taking pattern support and inch higher. Some upward revision in the price cannot be ruled out over the coming days. Any close below the 382 levels should be treated as a stop-loss of this trade.
CAMLINFIN| Buy Above: Rs 58 | Target Price: Rs 66
BANKBARODA| Buy Above: Rs 89.75 | Target Price: Rs 98
HEDGED OPTION CALL
Sell BANKNIFTY 24OCT 28900 CALL at 471.05 and Sell BANKNIFTY 24OCT 29400 PUT at 509.70. Receive Net Premium of Rs. 19615. Maximum Profit Potential: 9615. The trade will remain profitable above 28419 and below 29880.
(IMPORTANT: The Option Prices shown are as of Friday’s Close. The Pay-off Chart, Maximum Loss and Maximum Profit Potential can vary as per the actual execution price)
Milan Vaishnav, CMT, MSTA, is a Consultant Technical Analyst and founder of Gemstone Equity Research & Advisory Services, Vadodara. He can be reached at email@example.com