Three stock picks by Ajit Mishra of Religare Broking to bet on


Emami Constrained

Suggestion: Buy

Final Close: 590.15

Initiation range: 585-590

Target: 630

End reduction: 570


The FMCG index has resumed the uptrend soon after consolidating for virtually one and a half months. Among the the stocks, Emami has witnessed a refreshing breakout from a consolidation range of 530-580 stage today i.e. August 17 with a noticeable surge in volumes. We advise initiating refreshing longs in the described zone.

Indian Oil Corporation Constrained

Advice: Get

Previous Near: 105.70

Initiation variety: 105.5-106.5

Target: 112

End reduction: 103


We’re observing recovery in the power pack and oil internet marketing companies (OMCs) are also investing in sync with the transfer. Among the OMC counters, IOC appears to be like established to resume the uptrend soon after forming a foundation previously mentioned the support zone of medium-term moving average (100 EMA) on the each day chart. We as a result recommend creating clean longs in the talked about zone.

Bandhan Lender Minimal

Advice: Provide Aug Futures

Past Near: 294.05

Initiation assortment: 297-300

Goal: 282

Halt decline: 306


Bandhan Financial institution has been witnessing marketing strain on every single rise, continuing its prevailing downtrend. It is presently investing under the resistance zone of moving averages ribbon on the daily chart and is most likely to see a gradual decline ahead. Traders can benefit from any uptick to generate refreshing shorts in the offered vary.
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Be aware: All costs are in Rs

Disclaimer: Ajit Mishra is VP – Research at Religare Broking.


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