SBI Mutual Fund Chief is new State Bank of India MD

 The appointment committee of Cabinet has approved SBI Mutual Fund Managing Director Shir Ashwani Bhatia's appointment as MD, State Bank of India.

His appointment is unitll hsi retirement in May 2022.

Mr Bhatia has been appointed in place of Mr P K Gupta, who completed his term earlier this year.

Trade Calls for 23 September 2014

• Buy Axis Bank in cash around 400 for target of 415 in 2-3 days
• Buy Axis Bank Call September strike price 410 around 1 for target of 2 by tomorrow
• Buy SBI around 2560 in cash for target of 2680 in a week time
• Buy SBI 2600 Call around 12 strike price 2600 September series for target of 24 tomorrow
• Sell ITC aorund 374 for target of 360 in 2 week time
• Buy ITC 365 PUT October series around 4.3 for target of 9 in two week time

Super Profit Call for today Intraday on 11 August 2014

• Sell IDFC in Futures or Cash around 148.5 for target of 147-147.5 a gain of more than 2000/- Per lot in futures
• Buy IDFC 145 PE around 2.6 for target of 3-3.2 intraday a gain of 1000/- per lot
• Buy SBI 2400 Put around 40-42 for target of 45-47 intraday a gain of 500/- per lot intraday

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.

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

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.

Yesterday 24 June 2014 Recommendation Analysis

• SBI Hit a high of 2705 today only.  Hold and wait for another good move
• Tech Mahindra hit a high of 2022 today only , hold for minimum target of 2100 in coming days
• WIPRO was a bit down today around 528 buy and see the levels of 560 around qtly result.

• Tech Mahindra Call of June hit a high of 32 and July of 43 good upsurge of around 20-50% in a single day.
• ONGC PE hit a high of 3.9 a good upmove of more than 30% from our recommendation price, moreover it made a low of below 2 today, hence if any one bought below would have doubled his capital today.

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Hot Stocks for Tomorrow 25 June 2014 and Next Two Week

Here are the list of some hot stocks which shall perform better than the Market in coming days and you can make good some of profit if bet on these stocks.

1.  Tech Mahindra Buy in Cash at CMP 2000 for a target of 2150 in Two Week time.
2. Buy SBI in Cash at CMP 2660 for a target of 2750 in a week time.
3. Buy WIPRO in Cash at CMP 530 for a target of 560 in two week time

Some F&O Strategies

1. Buy ONGC 430 PE at 3 for target of 4 June Expiry by before expiry
2. Buy TECH Mahindra 2000 Call Option June Expiry at 20 for a target in 50 by before expiry
3. Buy Tech Mahindra 2100 Call Option July Expiry at 37 for a target of 90 in two week time

Positional and Short Term Calls for this week Monday 19 Nov 2012

Today we have witnessed the upswing in the global market but our own share market could not mirror than and ended almost flat BSE closed at 18,340 up 30 points and NSE 5571 down 3 points.

But there has been lots of stock specific actions like Maruti was up 4% and closed around 1500 up almost 50% from the lows of Manesar Plant lock out. Bharti, ITC, HDIL were other major gainers. On the losing front IDFC, Lupin, ONGC were the major loosers on the broader market.

Upon looking at the todays market and upcoming events in the coming days we have shortlisted few stocks in which positions can be taken for short for profit of 5-7% in a week time with stop loss.

1. ONGC ( Cmp 254 ) -     Target of 265-270 with stop loss of 249
2. OIL India ( Cmp 457 ) -Target of 470-475  with stop loss of 449
3. Lanco Infra ( 12.65 )   - Target of 13.70-14.05 with stop loss of 12.30
4. SBI ( 2095 )                 - Target of 2170 stop loss 2070
5. SKS Micro ( 120 )       - Target of 128 with stop loss of 117

The above stocks should be traded with specified stop loss and if braoder market moves further high these stocks will see higher targets and then should be hold and traded with trailing stop loss.

Should you Buy SBI ( State bank of India ) now ???

The big question with current market after todays crash is that should one buy the India's largest bank State bank of India at current level. The stock is now trading at 52 year low of 1,787 which is around 50% lower than its 52 week high of around 3500.

My answer to the above question is yes one should start buying state bank of India at current level, as the stock is currently at very cheap price which we may not get in coming days. As the mood of global market is not good and RBI is bitter instance of increasing the interest rates has put a negative outlook on the banking industry in near to medium term, but the situation is not to get away but to get the stock as such low levels. If market sentiment starts to feel better they this is the stock which would lead the rally and there would not be stopping after that. Moreover, SBI is planning a 20,000 Cr rights issue which government will only clear after the market mood cheers up and SBI moves in the range of 2500 as we have seen in the case of ONGC the govt. has delayed the follow up issue due to lower valuations.

Hence, start putting the SBI in your demat account and see the value of portfolio grow to higher valuation.