Trades This week – 18 Nov 2019

Broad market is getting tight to reach higher levels. Chances are that, there might be a new high on the Nifty, while after that we should see a considerable correction.

In this correction there will be some good trending stocks coming to value zone and give long trade possibilities. Some of them in that list are Bata India, BPCL, Container Corp, Dabur, Hindustan Lever, Petronet & Siemens.

BEL had a long trade on Friday last, position has not done much, 20th November will be 5th day into the position, which is one of the exit rules. Tomorrow at market close, this position will exit.

In all the other expected trades, when there is an uptick on the daily charts we will have a trade. Will have the trades posted as they come through.

Chart of BEL Trade

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Ramesh Sigamani

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