Spectacular recovery has been seen in the market, after two big news the US election and surgical strike on black money. the victory of Donald Trump in the election may be good for the growth of US. the expectation of increasing US Federal reserve rates is reduced. while the expectation of rate cut in next policy by RBI increased.The step of government on black money will be beneficial for the economy in long term. SENSEX is just 8.7% away from its highest level of 30024.74, while Nifty is just 6.5% away from its highest level of 9119.2.
Stocks for Investment
Invest in Tata Motors for 1-year outlook with the target of Rs 620. Buy Axis bank for one year target Rs 680. Buy Aurobindo Pharma with the target of Rs 980 for one year.
Nifty Put Option Expiry 24 Nov 2016 strike price Rs 8500 Buy above: 59.10 Stop loss : 58.94.