Enter Biocon , says Hemant Thukral, National Head-Derivative Desk, Aditya Birla Money.
Thukral told CNBC-TV18, "Biocon is one of the few counters, which has started moving on, on Friday itself. The stock has given a fresh breakout again above Rs 275-280 mark. Huge open interest on the long side added up, cost of carry moving up, so clearly fresh long positions added."
He further added, "We feel it will be headed towards at Rs 310-315 mark, so people can enter this stock on the long side with a stop loss of Rs 265-270 with an immediate target of Rs 310-315."
