Future scrips will not show strong rise like Ruchi soya or Alok, since those companies are not taken over. However they will be receiving huge funds net of liabilities and it will be fruitfully invested by Biyani. However it will take months to merge and get funds and then invest in new business. Hence if you can wait for months, then good investment… otherwise may or may not bring returns.
Market as such will show high level of volatility. and both the scrips you mentioned will be affected due to downturn of economy
After showing sharp rise during last 3 months, the market has entered volatile phase. It is upto you whether you can digest such volatile movements or not. If cannot digest,then better sell off and be safe.
Market will show high level of volatility in coming days.So it is upto you whether you can see & digest such volatile movements or not ? If you cannot digest such movements, better sell . Stock market is not for you.
Over all , it is falling market now and will affect even Apollo Micro
a bit risky in overall crash, yet accumulate Future retail even at this price. MAY give good returns.
This week, Nifty and Bank Nifty are expected to show sharp correction. May be after sharp rally of Monday, the market start down trend in the afternoon or on Tuesday. As such SBI Life is in down trend. So better wait till it corrects fully
Syngene is in long term uptrend. However Market correction is due next week and short term trend of the scrip is also weak, so book profits and wait for the down price .
From around Rs. 18 during June 20, the scrip has moved up to Rs. 28 and is expected to continue uptrend to around Rs. 30. However Market correction is due in the next week and it will pull down even NBCC.
Now at Rs. 212, the scrip is nearer to its short term top. Be ready to book profits