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You are here : IndiaNotes >> Research & Analysis >> Companies >> Axis Bank Ltd. >> Research

Positional and Intraday picks for 3 Jan 18

Reliance Securities | 03 Jan, 2018  | Follow Author | Add to my Favourites 
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Mangalam Cement (MCL) surged ~4% in yesterday’s trade on the expectation of better performance ahead with the likely improvement in sales volume in coming months mainly to be aided by Aligarh Grinding Unit.


We reiterate our fundamental BUY rating on the stock with Target Price of Rs 440.


Positional Pick

ASHOKLEY (PREVIOUS CLOSE: 123) BUY

Fresh long position can be initiated in the range of Rs 121-119 for the target of Rs134 with a strict stop loss of Rs 115.


Intraday Picks

AXISBANK (PREVIOUS CLOSE: 560) SELL

For today’s trade, short position can be initiated in the range of Rs 562-564 for the target of Rs544 with a strict stop loss of Rs 571.

 

ACC (PREVIOUS CLOSE: 1743) BUY

For today’s trade, long position can be initiated in the range of Rs 1740-1730 for the target of Rs1770 with a strict stop loss of Rs 1720.


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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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