Hello friends
OM SAI RAM
Here are two contrarion bets for u.
First of all , let me clarify both these bets are Shorting bets. First i was hesitating to post these both shorts, as out of my 6 failures so far 2 have been shorting bets. But then i thought, i created this blog to post, what i see. Both these stocks are close to their life time high & attracting heavy volumes also, hence, these are termed as contrarion bets. u got to keep strict strict sl, if u r playing these.
TCS - Shorts can be created for anything > 840, 848 being sl & targets not more than 5 % from this levels.
Biocon - This is riskier amongst the two. Short @ CMP, keep a SL of 331. i expect at least 321 & 316.
Both these stocks are gonna spring back to break their current life highs , but i am expecting them to cool off a bit before doing that, hence taking a contrarion risk.
Happy Sailing
P.S. - BIOCON hitting 331.4 while i am posting this. I am still hopeful, keep 332.05 as SL & play this high risk. all the best.
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