August 19, 2017

FORTIS HEALTHCARE LTD. Stock Futures, Options, Trading Call - Investment Review Short Sell - Exit

FORTIS HEALTHCARE LTD. Stock Futures, Options, Trading Call - Investment Review Short Sell - Exit 
19/08/2017

Commentary:
We have been bearish for most of the past year on this scrip. The company has been in news for all the wrong reasons since last few months with legal issues and growth problems. The topline is growing but the profitability is suffering which we believe is the problem of all companies in the sector. With government cracking down on the profit margins of healthcare sector by variety of steps, we believe an entire rerating of companies such as Fortis will be done by market just like the pharma sector. The company stock price is very expensive at the current price and has potential to crash to 50 Rs. We are extremely bearish and this can be one of our many of windfall trading opportunity for futures short sellers and put call traders. Also, investors can offload and save their capital from erosion.
Technical Picture:
The stock surged to 180 levels, which was its lifetime high of 2010 bull market. But it could not sustain there and has been trading about sideways since more than a year now. We believe it has broker the range on the downside, by closing below 160 on monthly chart and about to break 100 DMA on the same. It has already broker 100 and 200 DMA on weekly and daily charts. We believe to short on every rise and make huge money in futures and options in such sureshot calls. To get the strategy and levels, and entry, exit you can contact us.
  
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