Random picks for Sept 2017

Date: 02-Sep-2017

Watch for buying opportunities in the following stocks :

1. Axis Bank is currently at 507, best buy would be at 506 for a target of 514,519 & 539 in coming days. Stop loss should be at 500.
Potential profit is 1.58% to 6.52%. Potential Loss could be : 1.18%

2. SBI is currently at 278, if it crosses over 282.5 comfortably then the stock may try to reach 289-294 & 299 in coming days. Stop loss should be at 275
Potential profit is 2.30% to 5.84%. Potential Loss could be : 2.65%


3. Bank of Baroda is currently at 138, if it crosses over 141 comfortably then the stock may try to reach 149-154 & 159 in coming days. Stop loss should be at 135.
Potential profit is 5% to 12%. Potential Loss could be : 4.25%

Happy Trading !!!


Date: 08-Oct-2017
Trade update of above recommendations:
1. Axisbank : Achieved our target of 514 and 519 : Profit 2.56%
2. Statebank (SBIN) : No trade as the stock did not cross our trigger price of 282.5
3. Bank of Baroda: Achieved our target of 149 : Profit 5%

Sept 2017 ROI : Profit 7.56%