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Buy IndusInd Bank, OIL; Sell TCS, Pidilite Industries

Reliance Securities | 29 Jan, 2018  | Follow Author | Add to my Favourites 
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IndusInd Bank closed 0.7% higher as compared to decline of 0.2% in benchmark NIFTY. Its premium multiples are likely to improve further considering the strong growth and operating leverage across businesses. We continue to recommend BUY on the stock with a Target Price of Rs1,875 based on 4.3x FY19E Adjusted book value.

Positional Pick

TCS (LTP: 3121) SELL
For today’s trade, short position can be initiated at 3150-3180 for  target of Rs 2965 with a strict stop loss of Rs 3270.

Intraday Picks
OIL (LTP: 382) BUY

For today’s trade, long position can be initiated at Rs 378-375 for target of Rs 389 with a strict stop loss of Rs 372. Traders are advised to avoid early morning whipsaw.

For today’s trade, short position can be initiated at Rs 885-890 for target of Rs 866 with a strict stop loss of Rs 902. Traders are advised to avoid early morning whipsaw.
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2,816.45 -13.50
2,818.15 -13.20
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About Reliance Securities

Reliance Securities, the broking arm of Reliance Capital, is one of the India’s leading retail broking houses, providing customers with access to equities, derivatives, currency, IPOs, mutual funds, bonds, and corporate FDs amongst others. The large array of financial offerings helps customers fulfilling their investment objectives on one platform. Focus on timely & error-free execution represents its core strength. Their best in class research offerings, high degree of compliance with stock exchange regulations, ethical business standards, & strong risk management capabilities; Reliance Securities positions itself amongst strong & innovative brands in the financial services space.

For more information please write in to [email protected]

Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor accept any liability whatsoever arising from the use of any of the above contents.


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