Top trading ideas by Religare Broking for today:
Tech Mahindra
Rec: BUY
Last Close: Rs 763.90
Initiation range: Rs 755-760
Target: Rs 800
Stop loss: Rs 720
Tech Mahindra is one of the strongest counters in IT space and it’s trading closer to its record high. It has recently witnessed a breakout from a prolonged consolidation phase of late and looks upbeat for fresh up move. Traders are advised to initiate fresh long positions in the given range.
Adani Ports and Special Economic Zone
Rec: SELL FUTURES
Last Close: Rs 375.70
Initiation range: Rs 378-382
Target: Rs 366
Stop loss: Rs 384
Adani Ports has been consolidating in a broader range for last seven months,