Oct 31, 2013, 11.00 AM | Source: CNBC-TV18
Hemant Thukral of Aditya Birla Money advises going long in Mahindra and Mahindra (M&M) with a target of Rs 932 to Rs 940.
Hemant Thukral (more)
National Head- Derivative Desk, Aditya Birla Money | Capital Expertise: F&O
"Technically also now the stock is from two days managing to close above its 200 days moving average (DMA) of Rs 893-894. So, I will place the stop loss around Rs 870-880 levels and go long on this stock. I think one should keep a target of Rs 932 to Rs 940, which is the next resistance level. Having said that, Maruti Suzuki - if somebody is holding long should also continue to hold long, both of these stocks should be kept as the top picks in auto for November series," he added.
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