Hold Nifty Longs, Buy HDIL and Amtek Auto

Hi all,


I am sorry for such a big hiatus but I was waiting for a few things to crack and get cleared which I have been able to do successfully.

In the meanwhile, I realised that all the targets barring DLF have been hit. Even in case of DLF, the stop loss has not been hit yet and the first of the two targets was successfully triggered.

But what further,
Nifty had given the breakout from 4730 and soon after that the target on nifty is 5250. So, be a fearless bull and hold on to nifty longs with a stop loss below 4926 on closing basis. This is however, not the right time to buy any nifty option. The same is suggested by the F&O data too that the markets are likely to hit 5000 this month's expiry.

One can consider buying HDIL for a price target of Rs375/- and stop loss of Rs317/-.
Current price is Rs332.45/- on NSE.

One can also buy Amtek Auto for a price target of Rs226/-, stop loss below Rs194/-. The risk to reward ratio is comparatively poor in this stock. Current price is Rs210.80/- on NSE.


Have a profitable trading.

Thanks