Aditya Trading Solutions recommend model portfolio for April 2017
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The first trading day of the new financial year started off with a gap up opening with the Nifty opening at an all-time high. The focus now shifts towards RBI monetary policy meet scheduled on 06/04/2017 and on Q4 earnings. Demonetization had negligible side effect on our economy and the economy has bounced back very significantly which shows that the underlying resilience is very strong. Globally also we can see that all the major economies are bouncing back and the liquidity condition is also good. Lot of retail investors are shifting their focus from real estate assets to equity and thus enhancing the liquidity situation.
From a technical point of view, we expect Nifty to rise further from the current levels of 9250 to somewhere around 9400 to 9500 before seeing any meaningful correction or profit booking. Short term traders are recommended to book profit around that 9400 to 9500 level, but those fresh investors who are looking to enter the equity markets are advised to remain patient and wait for any correction towards 8900 to 8850 level.
Below given are some of our picks for the month of Apr 2017.
Buy at cmp(Rs.169.95) and further add on declines towards Rs.158 levels for sequential targets of Rs.188 and Rs.203.
- Mangalam Cement
Buy at cmp(Rs.352) and further add on declines towards Rs.340 levels for a target of Rs.415.Holding period 1 quarter.
- KEI Industries
Buy at cmp(Rs.195) and further add on declines towards Rs.180 levels for a target of Rs.240.Holding period 1-2 quarters.
- Dr.Lal PathLabs
Buy at cmp(Rs.977.05) and further add on declines to around Rs.950 levels for a target of Rs.1045.
- Asahi India
Buy at cmp(Rs.230) and further add on declines towards Rs.218 levels for a target of Rs.280 in 1-2 quarters.
- Sharda Cropchem
Buy at cmp(Rs.511.60) and further add on declines to Rs.480 levels for a target of Rs.610.Holding period 1-2 quarters.
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Aditya Trading Solutions (ATS) is a full spectrum INVESTMENT MANAGEMENT house specializing in equity and commodity trading. We are one of the earliest members of MCX and pioneers of online commodity broking in Tamilnadu. Services offered include trading in Equity, Commodity, Currency, PMS and SIP. ATS is promoted by young and dynamic entrepreneurs who have years of proven experience in international derivative markets like NYMEX and worked with several FORTUNE 500 companies. ATS is the largest online commodity trading company in Tamilnadu. Its client base consists of a long list of satisfied institutional and retail client base broking. Headed by Mr. Rethish Varma S, who has several years of experience in Equity Research after having worked with COPAL AMBA a Moody's Analytics Company, HDFC Securities Ltd and Doha Brokerage and Financial Services Ltd. ATS possess an experienced and qualified team of research professionals offering unbiased advice on investment decisions. ATS can be accessed at http://www.adityatrading.in/.
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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.
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