Fundamentally it got crashed on the news of Kerala Flood because 5 percent of branch network for Muthoot Finance is in Kerala with 50 percent of the lending book contributed by Southern states. But the point is, they have six type of services. They always give loans on having security i.e. gold, land, home, vehicle.
Apart from the commercial vehicle segment which is a pretty new service but also well protected as they give to school/college/companies only; their entire business is protected!
Technically, it is a clean swing low formed. It is going for its upper channel. The Overall Market sentiment is bullish; it will definitely be contributing to the bull run.
Apart from the commercial vehicle segment which is a pretty new service but also well protected as they give to school/college/companies only; their entire business is protected!
Technically, it is a clean swing low formed. It is going for its upper channel. The Overall Market sentiment is bullish; it will definitely be contributing to the bull run.
코멘트:
Buy at 103.3 with a closing basis stop loss at 100. Update the Stop loss to cost when it touches the first target i.e. 107.5
코멘트:
It does a huge consolidation in the 95-100 zone anyways. So the best trade with nearing expiry should be Shorting 100 PE at 1.35 which translates into free money of 8100 INR.
코멘트:
A more conservative bet is - It will sustain 95. Correct? So, selling 95 PE at 0.35 gives 2100 INR. That's what I called free money :)
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