HDFC Ltd closed 1.5% higher outperforming benchmark NIFTY index by 1% with sharp surge in volume
We continue to continue to recommend BUY recommendation on the stock with a SOTP-based Target Price of Rs1,995.
AUROPHARMA (LTP: 671) BUY
For today’s trade, long position can be initiated at 665-670 for target of Rs 720 with a strict stop loss of Rs 645.
MFSL (LTP: 589) BUY
For today’s trade, long position can be initiated at Rs 586-583 for target of Rs 599 with a strict stop loss of Rs 580. Traders are advised to avoid early morning whipsaw.
M&M (LTP: 756) SELL
For today’s trade, short position can be initiated at Rs 762-765 for target of Rs 741 with a strict stop loss of Rs 771. Traders are advised to avoid early morning whipsaw.
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About Reliance Securities
Reliance Securities, the broking arm of Reliance Capital, is one of the India’s leading retail broking houses, providing customers with access to equities, derivatives, currency, IPOs, mutual funds, bonds, and corporate FDs amongst others. The large array of financial offerings helps customers fulfilling their investment objectives on one platform. Focus on timely & error-free execution represents its core strength. Their best in class research offerings, high degree of compliance with stock exchange regulations, ethical business standards, & strong risk management capabilities; Reliance Securities positions itself amongst strong & innovative brands in the financial services space.
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