February 2013
ITC .... easiest and least resistance path to raise revenue is to hike excise on cigarettes ....
i expect 20 % hike in excise ( from current levels ) on regular length and 30 % hike in long and extra long cigarettes ....
this industry has been spared for last 2/3 budgets and now is the time to go for steep hike ....
ITC and other cigarette mfrs hv been drumming up most INELSTIC demand concept ... that means they can not grumble .......
ITC is slated to go to 265/270 levels post budget ... and the slide has already started ....
buy 280 put ... it is still available around 1 rupee ... with risk reward ... 10 times ...
cheerssssssssssss......
look to buy TATASTEEL 380 call around 3.6/3.7 ....
also look to buy JSW STEEL 800 call around 8.5/9 .......
| INTRA | DATE | 22nd FEBRUARY 2013 | ||
| stocks / indices | go | entry | Target | Stoploss |
| PREFER TO TRADE IN THE DIRECTION OF NIFTY . . . | ||||
| TATA MOTORS | short | 297.50 | 295/92.5/90 | 300 |
| long | 300 | 302.5/05/07.5 | 297.5 | |
| NMDC | short | 147 | 146/45/44/43/42 | 148 |
| long | 148 | 149/50/51/52 | 147 | |
| SHR TRANSPORT | short | 699 | 695/91/87/83 | 703 |
| long | 703 | 707/11/15/19 | 699 | |
| AXIS BANK | short | 1402 | 1394/86/78/70 | 1410 |
| long | 1410 | 1418/26/34 | 1402 | |
| REL INFRA | short | 474.5 | 472/69.5/67 | 477 |
| long | 477 | 479.5/82/84.5 | 474.5 | |
| SUN TV | short | 410 | 406/02/398 | 414 |
| long | 414 | 418/22/26/30 | 410 | |