Thursday, 17 December 2015

Adani Port And SBI Have Potential to Move Up

State Bank of India - This is the perfect time to accumulate State Bank of India stock. Currently it's hovering at around 230 level.  It has seen strong support above Rs 225 level and has temporarily started an up-trend. But still lies in oversold territory and hence, we can see further up-move in this counter. Purchase below the level of Rs 230 for a target of Rs 238.

Call Open Date - 18-Dec-2015 Call Status - Open

Adani Port - Adani Port has been on a continuous down trend from the level well above Rs 300. However, it found strong support at around Rs 250. The up-move is expected to continue  till Rs 275. This is as well a good bet for a medium term buy for a target of Rs 300.

Call Open Date - 18-Dec-2015Call Status - Open

Disclaimer : I have position in both the stocks. 

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