Anil Singhvi’s Strategy August 20: Market sentiment is cautious; Buy MGL Futures with Stop Loss 720
Amid positive global markets, neutral domestic institutional investors (DIIs) and futures and options (F&O) and negative foreign institutional investors (FIIs) cues, the short-term trend of the domestic Indian markets will be Neutral today, while sentiment is cautious.
Buy MGL Futures: Stop loss 720 and target 750, 760. If BG Asia sells complete 10% stake, then MGL is a good buy at 730-750 range. Cover shorts and buy near to the block deal price. Image source: