Go long in Indiabulls Real Estate, Sintex Industries, Exide Industries: CA Rudramurthy BV
CA Rudramurthy BV of Vachana Investments recommends going long in Indiabulls Real Estate, Sintex Industries and Exide Industries.
March 30, 2017 / 15:56 IST
CA Rudramurthy BV of Vachana Investments told CNBC-TV18, "I have three buy calls. I am positive on market and every dip has to be used as buying opportunity. I have my first buy call on Indiabulls Real Estate. This stock has given a clear breakout today above levels of Rs 82. A lot of open interest addition is seen in the next month series of F&O as well as rollover is on the positive side. So, Indiabulls Real Estate can climb to levels of Rs 94 in the next month contract. I have a stop loss of Rs 82 for this long call." "Second buy call is on Sintex Industries, on futures has given a breakout above levels of Rs 100-102 and stock is definitely headed on the upside with short-term trend being on the positive side. So, I see Sintex moving to levels closer to Rs 120. Again, one can go long on Sintex Future for the next month contract. Keep a stop loss of Rs 98 on this long call," he said. "My final buy call is on Exide Industries. This stock consolidated in that huge range of Rs 180-210. Having consolidated in this range and having given a breakout, this stock is headed towards levels of Rs 240 in the next series. So, again, one can definitely go long on Exide. Have a stop loss of Rs 215 on this long call."
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