Positional Stocks To Trade Post RBI Policy!

RBI MPC Announcement: RBI keeps Repo rate unchanged at 5.15%. GDP growth for 2019-20 is revised downwards from 6.1% to 5% in the October policy.

During such events it is important to take trades based on some objectivity as index can exhibit a volatile move due to market sentiments in line with the event which might lead to stop hunting.

Below are the stocks recommended on CBNC TV18 based on precise methods and indicators such as channels, RSI, Fibonacci retracement and moving averages.

Following are the charts for Stock Advice given on CNBC TV18 today by Ashish Kyal, CMT

Bata India hourly chart:

Stock Analysis:

As shown on hourly chart, the stock is precisely moving within the channel. We can see that prices have exactly bounced off from 38.2% of wave (i). Now further break above 1700 confirms wave (ii) low is in place and wave (iii) is starting higher.

Muthoot Finance hourly chart

Stock Analysis:

As shown on hourly chart, the stock is in overall uptrend. Also we see that prices have exactly bounced from the channel support. Also prices are currently placed above the 100 day EMA which also indicates positivity. The RSI is also seen bouncing off from its oversold region.

You can also listen today’s full interview on CNBC TV18 which include Nifty overview and stocks recommendation with target and stop levels. Click here

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Following is the Bank Nifty call given on the policy day and positional stock call:

Time: 12.33 pm BANKNIFTY DEC FUT BUY ABOVE 31851 SL 31750 TGT1 31931 TGT2 31971

BANKNIFTY DEC FUT BUY CALL GIVEN TGT 1 ACHIEVED AT 31931 -at 1.11pm

BANKNIFTY DEC FUT BUY CALL GIVEN TGT 2 ACHIEVED AT 31971 -at 1.45pm

POSITIONAL CASH BALKRISIND BUY ABOVE 925 SL 906.5 TGT 952.8 — given on 5^th December at 3.16pm

POSITIONAL CASH BALKRISIND BUY CALL GIVEN BOOK PART TP AT 940 AND TRAIL STOP TO COST —- given today at 11.13am (still open for tgt)