Technical calls by Religare Broking: Buy Pidilite Industries, sell BPCL

Top trading ideas by Religare Broking:

Kotak Mahindra Bank

Recommendation: Buy 

Last Close: Rs 1,279.15

Initiation range: Rs 1,260-1,270

Target: Rs 1,360

Stop loss: Rs 1,220

KOTAKBANK has been consolidating within 1200-1350 for last two months, after the sharp rebound from the support zone of 1000 levels.  It’s holding strongly above the support zone of moving averages ribbon on the daily chart and looks set for a fresh surge. Traders shouldn’t miss this opportunity and accumulate within the mentioned levels.

Pidilite Industries

Recommendation: Buy

Last Close: Rs 1,117

Initiation range: Rs 1,110-1,120

Target: Rs 1,190

Stop loss: Rs 1,085

After making a new record high, PIDILITIND witnessed marginal correction and consolidated around the support