Ultra Swing Trading 159 | Buy

We recommend two stocks here and suggest you to diversify the trading capital equally in the two stocks:

Capital Allocation
1.  Nectar Lifesciences50%
2.  City Union Bank50%

Hypothetically, ₹1,00,000 /- (1 Lakh) capital should be diversified in this way:
1)  Nectar Lifesciences – 50,000/-
2)  City Union Bank – 50,000/-

 BUY   Nectar Lifesciences Limited (NSE: NECLIFE)

Nectar Lifesciences STOCK RECOMMENDATION

CP# 22.95
Idea BUY
Buy Range 22.7 – 23.3
Target 25.5 – 26
StopLoss* 21.5
Duration 12 – 15 Trading Days
Potential Returns^ 11 – 13%
CP# Idea Buy Range Target StopLoss* Duration Potential Returns^
22.95 BUY 22.7 – 23.3 25.5 – 26 21.5 12 – 15 Trading Days 11 – 13%

# CP – closing price on 12 Jan 2021.
* once 1st target hit, reset StopLoss at 24.
^ potential returns are calculated based on the median of buy range.

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Nectar Lifesciences SHARE TRADING UPDATE - POSITION & ACTIVITIES

 BUY   City Union Bank (NSE: CUB)

City Union Bank STOCK RECOMMENDATION

CP# 178.9
Idea BUY
Buy Range 177 – 179
Target 194 – 198
StopLoss* 171
Duration 15 – 18 Trading Days
Potential Returns^ 9 – 11%
CP# Idea Buy Range Target StopLoss* Duration Potential Returns^
178.9 BUY 177 – 179 194 – 198 171 15 – 18 Trading Days 9 – 11%

# CP – closing price on 12 Jan 2021.
* once 1st target hit, reset StopLoss at 186.
^ potential returns are calculated based on the median of buy range.

City Union Bank SHARE TRADING UPDATE - POSITION & ACTIVITIES

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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

The research analysis is prepared by Arijit Banerjee, CMT, CFTe. He is a veteran trader and an active investor having in-depth knowledge in financial market research, advanced technical analysis, market cycle, algorithmic trading and portfolio management. Arijit is a Chartered Market Technician (CMT) accredited by CMT Association USA, the leading global authority of Technical Analysis and has been honoured by Certified Financial Technician (CFTe) from the International Federation of Technical Analysts, USA. SEBI, the regulatory body of Indian financial market also recognizes him as a Research Analyst (INH300006582).

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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