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Buy India Cements, Ujjivan; Sell Mindtree - IndiaNotes.com
Buy India Cements, Ujjivan; Sell Mindtree
Reliance Securities | Published: 04 Jan, 2018  | Source : IndiaNotes.com

India Cements (ICL) gained ~3.5% in yesterday’s trade on the  expectation of improvement in margins and demand scenario  in coming quarters.


We maintain our fundamental BUY rating on the stock with a  Target Price of Rs 200.


Positional Pick


ASHOKLEY (PREVIOUS CLOSE: 125)


BUY Fresh long position can be initiated in the range of Rs121-119 for the  target of Rs134 with a strict stop loss of Rs115.


Intraday Picks


MINDTREE (PREVIOUS CLOSE: 599) SELL


For today’s trade, short position can be initiated in the range of  Rs 603-607 for the target of Rs590-580 with a strict stop loss of Rs 615


UJJIVAN (PREVIOUS CLOSE: 398) BUY


For today’s trade, long position can be initiated in the range of  Rs 397-394 for the target of Rs 406-411 with a strict stop loss of Rs 389

  Read full report Click here to read the full report


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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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.