Trades for 4-Sep-2018

Hi,

Network18 Media & Investments Limited 

 

Date	Symbol	Series	Open	High	Low	LTP	Close	Volume	Turnover (in Lakhs)
03-Sep-2018	NETWORK18	EQ	47.95	54.80	47.60	53.80	53.70	93,34,544	4,937.67
31-Aug-2018	NETWORK18	EQ	45.40	48.25	44.80	48.00	47.55	22,00,077	1,031.44
30-Aug-2018	NETWORK18	EQ	45.20	46.50	45.00	45.05	45.10	4,92,085	224.73
29-Aug-2018	NETWORK18	EQ	43.40	46.10	43.20	45.60	45.70	8,75,083	392.96
28-Aug-2018	NETWORK18	EQ	44.30	44.30	43.25	43.45	43.40	1,74,844	76.49

Stock seems to have given a good bounce with volumes from 43-47 level and it may try to go higher upto its 52 week high of 64.10 made on 15-Jan-18.

Its VWAP on 3rd Sept was 52.89

Trading levels for NETWORK18 :

If the stock opens anywhere between 53 and 54.80

Immediate first trade would be Buy at 55 and Sell 50% qty at 57.4

Sell the rest at / near 59.80-62.3

If the stock opens higher than 54.80

Wait and watch for Buy at 55.10 and Sell 100% qty at 55.80

Warm Regards,
Lawrence Sequeira