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⭐️ Ultra Equity Advice #135 | Buy

We recommended four IT stocks here and suggested to diversify the trading capital in the following way:

Capital Allocation
1. Infosys30%
2. TCS30%
3. D-Link (India)25%
4. Majesco15%

Hypothetically, ₹1,00,000 /- (1 Lakh) capital should be diversified in this way:

  1.   Infosys – 30,000/-
  2.   TCS – 30,000/-
  3.   D-Link  – 25,000/-
  4.   Majesco – 15,000/-

POSITIONAL TRADING ADVICE - Stock # 1

 BUY  Infosys Limited (NSE: INFOSYS)
Capital Allocation – 30%

INFOSYS STOCK RECOMMENDATION

CP#720.65
IdeaBUY
Buy Range685 – 710
Target800 – 810
Duration3 – 4 Months
Potential Returns^15 – 16%
CP#IdeaBuy RangeTargetDurationPotential Returns^
720.65BUY685 – 710800 – 8103 – 4 Months15 – 16%

# CP – closing price on June 23, 2020.
* Maintain recommended StopLoss by daily closing basis.
   Once 1st target hit, reset StopLoss at 760.
^ Potential returns are calculated based on the median of buy range.

INFOSYS TRADING UPDATE - POSITION & ACTIVITIES

POSITIONAL TRADING ADVICE - Stock # 2

 BUY  Tata Consultancy Services (NSE: TCS)
Capital Allocation – 30%

TCS STOCK RECOMMENDATION

CP#2035.3
IdeaBUY
Buy Range1970 – 2000
Target2200 – 2300
Duration3 – 4 Months
Potential Returns^12 – 16%
CP#IdeaBuy RangeTargetDurationPotential Returns^
2035.3BUY1970 – 20002200 – 23003 – 4 Months12 – 16%

# CP – closing price on June 23, 2020.
* Maintain recommended StopLoss by daily closing basis.
   Once 1st target hit, reset StopLoss at 2118.
^ Potential returns are calculated based on the median of buy range.

TCS TRADING UPDATE - POSITION & ACTIVITIES

POSITIONAL TRADING ADVICE - Stock # 3

 BUY  D-Link (India) (NSE: DLINKINDIA)
Capital Allocation – 25%

D-LINK INDIA STOCK RECOMMENDATION

CP#88.7
IdeaBUY
Buy Range86 – 91
Target110 – 120
Duration3 – 4 Months
Potential Returns^24 – 36%
CP#IdeaBuy RangeTargetDurationPotential Returns^
88.7BUY86 – 91110 – 1203 – 4 Months24 – 36%

# CP – closing price on June 23, 2020.
* Maintain recommended StopLoss by daily closing basis.
   Once 1st target hit, reset StopLoss at 99.
^ Potential returns are calculated based on the median of buy range.

D-LINK INDIA TRADING UPDATE - POSITION & ACTIVITIES

POSITIONAL TRADING ADVICE - Stock # 4

 BUY  Majesco Limited (NSE: MAJESCO)
Capital Allocation – 15%

Majesco Limited STOCK RECOMMENDATION

CP#348.6
IdeaBUY
Buy Range340 – 350
Target400 – 420
Duration3 – 4 Months
Potential Returns^16 – 22%
CP#IdeaBuy RangeTargetDurationPotential Returns^
348.6BUY340 – 350400 – 4203 – 4 Months16 – 22%

# CP – closing price on June 23, 2020.
* Maintain recommended StopLoss by daily closing basis.
   Once 1st target hit, reset StopLoss at 374.
^ Potential returns are calculated based on the median of buy range.

MAJESCO LIMITED TRADING UPDATE - POSITION & ACTIVITIES

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable not to enter/exit beyond the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other technical recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

ANALYST SUMMARY

This research analysis is prepared by Arijit Banerjee, CMT, CFTe. An engineering graduate developed an early interest in Trading since the age of 20. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the leading global authority of Technical Analysis and also has been honoured by Certified Financial Technician (CFTe) from the International Federation of Technical Analysts (IFTA), USA. His contribution to the market research was recognized by SEBI, the Regulatory Body of Indian financial market and given him the registration number INH300006582 as a Research Analyst. Over the years, he has gained experience in Technical Analysis with a demonstrated history of working in different asset classes. Himself as a trader, he has trained and continues training novice and experienced traders to become successful, confident and profitable in the financial market.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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