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Equity Buy/Sell (Technical View)
Ø The foll are good for short term: Hindalco> 239( we have advised this for short term as we expect some more reaction at higher levels and would advise investors to book profits on decent returns), Bajaj auto>1332,
o Omaxe>146, Srf>342, Sterlite ind> 186, Sunpharma> 491.
o Lichsg has very strong support around 140. Long term investors can consider buying the scrip on reactions near 150-160. Short term investors can also consider buying with 137.9 as stop.
Ø Reliance ind has been in sideways mode between 915 and 1150 for long. If it cuts 900 the scrip can come down to 800 and even to 600. On the contrary a move past 1150 could take the scrip to 1600 levels. The risk reward ratio is presently in favour of bulls and we would recommend buying at current levels. Short term investors can consider buying with stop below 900.
Have Strict Stop Loss
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