United Phosphorous has target of Rs 158, says Manoj Murlidhar, Head of Derivatives, IIFL PReMIA, IIFL.
Murlidhar told CNBC-TV18, "United Phosphorous is one stock wherein we are seeing good delivery wise buying. It has actually beaten the five days average and not only that we are seeing the stock is consolidated in a good way and we are seeing good amount of long buildup happening. So I guess traders can go long at Rs 145 to 146 keeping a decent stop loss of Rs 137 and you can expect a target of Rs 158 on United Phosphorous."
He further added, "The stock which is on the verge of a momentum upside possibly is Bombay Rayon (BRFL). We can go long on that Rs274-275 should be the range you can trade long on that keeping a stop loss of somewhere close to Rs 267 and you can expect Rs 291 so the stock looks good."
