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.
Mitesh Thacker of miteshthacker.com is of the view
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