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.