Top pick: Buy Vedanta with a target of Rs 255, says Prabhudas Lilladher

Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
 
VEDANTA - BUY     
CMP: Rs 236.85           
TARGET: Rs 255           
STOP LOSS: Rs 225
 
The stock has been moving in a narrow range till now oscillating between the moving averages of 144 WMA and 200 DMA on the downside where it has been maintaining a strong support. We recommend a buy in this stock for an upside target of 255 keeping a stop loss of 225.
 
ZEE ENTERTAINMENT ENTERPTISES - BUY    
CMP: Rs 509.75            
TARGET: Rs 550          
STOP