 "Trading calls: Buy Amara Raja Batteries, Hindustan Unilever; Sell Bajaj Auto")
AMARA RAJA BATTERIES : BUY
Target: Rs 990
Stop Loss: Rs 944
HINDUSTAN UNILEVER: BUY
Target: Rs 820
Stop Loss: Rs 790
Buy above Rs 804 with Stop loss at Rs 790 & target Rs 820. The short term moving averages have converged and are placed with buy signals. On the oscillator front, RSI is placed with a positive signal.
BAJAJ AUTO : SELL
Target: Rs 2,230
Stop Loss: Rs 2,320
Sell below Rs 2290 with Stop Loss at Rs 2320 & target at Rs 2230. The stock has given the breakdown of the 200- DMA i.e. below Rs 2313 indicates weakness in the coming days.
Disclaimer:
Nirmal Bang Securities Private Limited (hereinafter referred to as “NBSPL ”)is a registered Member of National Stock Exchange of India Limited, Bombay Stock Exchange Limited and MCX stock Exchange Limited. NBSPL is in the process of making an application with SEBI for registering as a Research Entity in terms of SEBI (Research Analyst) Regulations, 2014.NBSPL or its associates including its relatives/analyst do not hold any financial interest/beneficial ownership of more than 1% in the company covered by Analyst (in case any financial interest is held kindly disclose)NBSPL or its associates/analyst has not received any compensation from the company covered by Analyst during the past twelve months. NBSPL /analyst has not served as an officer, director or employee of company covered by Analyst and has not been engaged in market making activity of the company covered by Analyst. The views expressed are based solely on information available publicly and believed to be true. Investors are advised to independently evaluate the market conditions/risks involved before making any investment decision. Please read Risk Disclosure Doc before Investing.
Vikas S. Salunkhe is a Sr. Technical Research Analyst with Nirmal Bang
Target: Rs 990
Stop Loss: Rs 944
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Buy above Rs 960 with Stop Loss at Rs 944 & target Rs 990. The stock is keeping a positive closing above the 50-DMA from few trading sessions Stock is showing strong signs of revival.
HINDUSTAN UNILEVER: BUY
Target: Rs 820
Stop Loss: Rs 790
Buy above Rs 804 with Stop loss at Rs 790 & target Rs 820. The short term moving averages have converged and are placed with buy signals. On the oscillator front, RSI is placed with a positive signal.
BAJAJ AUTO : SELL
Target: Rs 2,230
Stop Loss: Rs 2,320
Sell below Rs 2290 with Stop Loss at Rs 2320 & target at Rs 2230. The stock has given the breakdown of the 200- DMA i.e. below Rs 2313 indicates weakness in the coming days.
Disclaimer:
Nirmal Bang Securities Private Limited (hereinafter referred to as “NBSPL ”)is a registered Member of National Stock Exchange of India Limited, Bombay Stock Exchange Limited and MCX stock Exchange Limited. NBSPL is in the process of making an application with SEBI for registering as a Research Entity in terms of SEBI (Research Analyst) Regulations, 2014.NBSPL or its associates including its relatives/analyst do not hold any financial interest/beneficial ownership of more than 1% in the company covered by Analyst (in case any financial interest is held kindly disclose)NBSPL or its associates/analyst has not received any compensation from the company covered by Analyst during the past twelve months. NBSPL /analyst has not served as an officer, director or employee of company covered by Analyst and has not been engaged in market making activity of the company covered by Analyst. The views expressed are based solely on information available publicly and believed to be true. Investors are advised to independently evaluate the market conditions/risks involved before making any investment decision. Please read Risk Disclosure Doc before Investing.
Vikas S. Salunkhe is a Sr. Technical Research Analyst with Nirmal Bang