Tuesday, September 16, 2014

Stocks to watch for 16-Sep-2014

BHEL seems a good buy at current level 217-220 for upside target of 239 keep stop loss at 210

GODREJ INDUSTRIES is likely to see more supply coming in 354-367 area and may correct upto 335-331 in near term. Do not enter long, look for shorting opportunities near the supply zone. GODREJ INDUSTRIES Stocks holders can write covered calls at 360 strike trading around 5 till expiry. expected returns 7% (approx) in 10 days.