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You are here : IndiaNotes >> Research & Analysis >> Companies >> Asian Paints Ltd. >> Research

Positional and Intraday pick for 5 Jan 18

Reliance Securities | 05 Jan, 2018  | Follow Author | Add to my Favourites 
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Asian Paints closed 3% up in trade today at Rs 1172 compared to  0.6% increase in the benchmark Nifty.


Expecting the company to post 14.2% revenue and 16.4%  earnings CAGR through FY17-19E, We have a BUY rating on the  stock with target price of Rs 1354.


Positional Pick


L&TFH (LTP: 172) BUY


For today’s trade, long position can be initiated at 170-167 for target  of Rs 187 with a strict stop loss of Rs 160.


Intraday Picks


ADANIPORTS (LTP: 410) BUY


For today’s trade, long position can be initiated at Rs 407-405 for target of Rs 422 with a strict stop loss of Rs 401. Traders are advised

to avoid early morning whipsaw.

 

PIDILITIND (LTP: 906) SELL


For today’s trade, short position can be initiated at Rs 914-918 for target of Rs 895 with a strict stop loss of Rs 925. Traders are advised

to avoid early morning whipsaw.


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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 IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.

 




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