 "Be wary of buying and selling in secondary market")
Here are a few trading ideas from Chandan Taparia of Anand Rathi for Friday's session:
BUY AMBUJA CEMENTS
The stock has taken multiple supports near Rs 825-830 zones and surpassed its immediate hurdle of Rs 218. However, medium-term trend is still in pressure but the way it has bottomed out might see a support based buying activities. It looks attractive in terms of risk reward ratio, so one can buy with the stoploss of Rs 212 for the upside immediate target of Rs 224.50.
BUY SUNDRAM FASTENERS
The stock inched higher from its consolidation phase and gave the highest daily close of last forty
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