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TV18 - Power of OTT
With bigboss OTT starting on Voot the subscriber base should sky rocket. Im sure Viacom18 will leave no stone unturned to get subs onto its platform.
Viacom18 is 51% owned by TV18.
The stock is also close to a support of 36.20 and the 200EMA `35.35.
Long at CMP with a SL at 34.50 makes for an interesting buy here based off a HUGE hike in potential subscribers considering BIg Boss is such a popular show and people would love to watch it uncensored 24/7. (In the UK ITV runs a 24/7 channel dedicated to Big Brother and its hugely popular)
But of a speculative trade but i think its worth a shot with upto 3-4% of your capital.
At worse you'll loose .25-.30% of your total capital. (Worth the risk for a much larger upside)
Technically the stock is pointing down, so maybe buy it above 37 coz that will mean the price changes direction pointing upwards.
Risk Level - V HIGH.
Viacom18 is 51% owned by TV18.
The stock is also close to a support of 36.20 and the 200EMA `35.35.
Long at CMP with a SL at 34.50 makes for an interesting buy here based off a HUGE hike in potential subscribers considering BIg Boss is such a popular show and people would love to watch it uncensored 24/7. (In the UK ITV runs a 24/7 channel dedicated to Big Brother and its hugely popular)
But of a speculative trade but i think its worth a shot with upto 3-4% of your capital.
At worse you'll loose .25-.30% of your total capital. (Worth the risk for a much larger upside)
Technically the stock is pointing down, so maybe buy it above 37 coz that will mean the price changes direction pointing upwards.
Risk Level - V HIGH.
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