Sunday, January 13, 2019

The Sensex Outlook for the Week Starting 14-01-2019 | Investment Picks Below ₹ 50

The Sensex has been consolidating around 36000 with a volatile bias. The trading range has shifted from the 35600-36000 band to the 35800-36200 band, however the underlying trend remains clearly bearish till the time 36600 is taken out convincingly. 
We continue to add Index Puts while waiting to short the Index Futures. One can short the Index Futures at 36200-36250 levels and also look at stock-specific opportunities outside the Top-100 Universe. 

Date 14-Jan-19
Index Sensex Nifty
S2 35,903 10,762
S1 35,977 10,785
Previous Close   36,009.84 10,794.95
R1 36,032 10,801
R2 36,052 10,807
Fair Value 31,547 9,457



Investment Picks Below ₹ 50:

The following stocks are looking good for a short to medium term horizon:

Name BSE/NSE Code LTP - 11-01-2018
A2Z Infra Engineering Ltd A2ZINFRA 13
Central Bank of India CENTRALBK 36.25
D B Realty Ltd DBREALTY 27.65
Essar Shipping Ltd ESSARSHPNG 13.9
Ester Industries Ltd ESTER 36.85
Hathway Cable & Datacom Ltd HATHWAY 31
India Power Corporation Ltd DPSCLTD 14.1
Manaksia Ltd MANAKSIA 42.5
MMTC Ltd NSE:MMTC 29.5
Religare Enterprises Ltd RELIGARE 27.95
Shriram EPC Ltd SHRIRAMEPC 11.7
SJVN Ltd SJVN 25.3
The South Indian Bank Ltd SOUTHBANK 15.7
Vikas EcoTech Ltd VIKASECO 14.35

Profit booking / exit updates will be given when due.



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