Weekly Newsletter #48
Stock of the Week, MF Baskets, Opium Wars, Pig Butchering, Trading Thoughts
Sorry for the delay, Was at DECMA 2022.
“Research widely, select carefully. Broad funnel, tight filter.” - The Divergent Trader | Alan Edward
Nifty is back in the green. Needs to be seen if it breaks 18k levels to further big moves
Bank Nifty looks good for longs above 41250 levels
New kid on the Block FinNifty above 18600 looks good, The Futures is bit illiquid but the ATM options are good for trading.
Stock of the Week
EPL Ltd - CMP 172, Stops 159 levels
EPL Limited (formerly known as Essel Propack Limited),is the largest specialty packaging global company, manufacturing laminated plastic tubes catering to the Beauty & Cosmetics, Pharma & Health, Food, Oral and Home.
The company was acquired by the Blackstone group on Aug – 2019 from the Essel group of companies. The Blackstone Group is one of the leading investment firms in the world with an AUM of around USD 511 billion across sectors like private equity, real estate, hedge fund solutions and credit businesses. The Group also has an exposure in the packaging industry through acquisition of varied companies such as the USA based Graham Packaging, Owens-Illinois Inc, Ohio and China based packaging firm ShyaHsin. [1]
Some interesting Reads and Tweets
Family Offices Preserving Wealth
How One Man Lost $1 Million To A Crypto ‘Super Scam’ Called Pig Butchering
Please share your views, feedback, and suggestion in the comments section or you can reach me on Twitter at @bombaylives