INTRADAY BUY JUBLFOOD AROUND 1360-1361,SL-1340,TRGT-1394
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Buy HINDZINC in Cash@294.5 SL 280 TGT 324
Buy INDIGO in Cash @ 911.50 SL 880 TGT 970
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Buy Zee Entertainment Enterprises Ltd @ 456-458 Stoploss 440 Target 480 CMP 457
Trade – Buy | Risk Factor – High
Stock rationale:
Stock has reached extreme oversold territory and RSI has formed a positive divergence suggesting short covering rally on cards. Therefore, a BUY recommendation.
Buy Ramkrishna Forgings Ltd @ 625-630 Stoploss 608 Target 660 CMP 627
Trade – Buy | Risk Factor – Medium
Stock rationale:
Stock is on the verge of a breakout from a consolidation zone suggesting resumption of bull trend on cards. Therefore, a BUY recommendation.
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Derivative Ideas
TVSMOTOR added around 3% in open interest as long buildup was seen in it in previous session. Cur-rent chart pattern also indicates further surge in its price. We suggest buying TVSMOTOR as per below levels.
Strategy:- Buy TVSMOTOR between 573-575, Stop loss – 558, Target - 607 for 4-6 trading sessions.
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