Buy Reliance Industries, Bharat Financial, Ujjivan Financial Services: CA Rudramurthy

CA Rudramurthy of Vachana Investments told CNBC-TV18, "I have a buy call on Reliance Industries. In fact from levels of Rs 1,135 where Reliance gave a big breakout, this stock is in a roaring bull market. Again, Rs 1,475 will be a crucial breakout which it has seen very closely now and stock is definitely headed further upwards. Rs 1,550 can be initial target on Reliance future and have a stop loss of Rs 1,510."

"I have a second buy call on Bharat Financial. This stock should definitely head towards 4-digit very soon. However, now it has given a fresh breakout at levels of Rs 760 and this stock is now headed initially towards levels of Rs 820. The levels of Rs 860 and Rs 925 are also possible and this stock can be bought keeping a stop loss at Rs 760 which has been the recent breakout level."

"I have a last buy call on Ujjivan Financial. This stock is showing a rounding bottom formation which is very strong on technicals. Today a lot of open interest addition of over 20 percent is seen in the stock; Rs 360 plus will initially will come and even Rs 400 is possible on Ujjivan. Have a stop loss for this long call on Ujjivan at levels of Rs 335 and look at long on this stock," he said.

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