SBI appoints two new MD's

The government of India has appointed two new managing director on the board of State Bank of India, India'a larges public sector bank.

Mr B Sriram
Mr V G  kanan

are the two new MD of SBI.

Intraday Tips for Friday July 18, 2014

• Buy IDFC 150 PUT around 1.8 for intraday target of 2.3-2.7 ( If intraday targets are not met hold for next week )
• TCS 2300 PUT for 9 for target of 11 intraday and 14 by next week

Buy SBI PUT Strike Price 2500 around 22 for target of

Buy SBI PUT strike price 2500 for target of 35 in 1-2 days and 70 in a week time

Buy Tata Motors Put for target of

Buy Tata Motors 430 PUT for around 1 for target of 1.35 intraday and 2.4 in a week time.

( A gain of 35% intraday and 140% in a week time )

Buy RCOM PUT Strike Price aroumd 3 for target of

Traders can buy RCOM 130 Put around 2.1 for intraday target of 2.8 and next week target of 4.5

Intraday Calls and Short Term Calls for July 17, 2014

• Sell TCS around 2410-2420 for target of 2380
• Sell RCOM around 130-131 for target of 128
• Sell SBI around 2550 for target of 2450
• Sell IDFC around 160 for target of 155-153
• Sell Hindalco around 186 for target of 173

Kindly note the above call are for intraday as well as for one week duration , if targets are not achieved in a day or two then continue to hold next week , as these will acheive our recommended targets.

Sell Hindalco Futures around 185-186 for target of

Traders and Investors can sell Hindalco Futures around 182 levels for target of 178 in 2-3 days.

Alternatively one can Buy PUT option of strike price 180 at 4 for target of 7 in 2-3 days.

Sell IDFC Futures around 158.7 for target of 156 Intraday

Intraday Traders can sell IDFC Futures around 158.7 for intraday target of 156 and By Friday target of 151.

Alternatively one can buy PUT Option of Strike Price of 150 around 2.35 for target of 7 in a week time.

Pre Payment of Floating loans not to be penalised

The Reserve Bank of India on Monday directed non banking financial companies (NBFC) not to levy pre-payment penalties on floating rate term loans including housing, corporate, auto and personal loans. Earlier in May 2014 , the RBI had asked banks not to levy any penalty on such loans

Stock Calls on Monday 14 July 2014

Following are the stock calls of 14 July 2014 , investors and traders can take position in following and start booking profit when the target prices reaches.

• Buy Bharti Airtel around 327 for target 341 in one week time
• Buy Infosys around 3223 for target of 3450 in one week time
• Buy Tech Mahindra around 2035 for target of 2120 in one week time
• Buy Dish TV around 55 for target of 62 in two week time