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Last Updated : Dec 17, 2014 03:25 PM IST | Source: CNBC-TV18

Here are Manish Hathiramani's few trading ideas

Watch the interview of Manish Hathiramani of Deen Dayal Investments with Reema Tendulkar & Ekta Batra on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.


Watch the interview of Manish Hathiramani of Deen Dayal Investments with Reema Tendulkar & Ekta Batra on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.


Below is the verbatim transcript of Manish Hathiramani's interview with CNBC-TV18.


One can sell Reliance Capital for target of Rs 435 with a stoploss of Rs 540. The stock has been structurally levy for quite sometime and on the way it has resisted around Rs 540-550 and has turned around from there. I expect this downtrend to continue.

Close

One can sell L&T Finance Holdings for a target of Rs 55 with a stoploss of Rs 72. The stock was rangebound first between Rs 65 and 72 and we have actually managed to break the lower end of this range. It has a support around the Rs 61 but if the market continues to fall we can slide further from there down to Rs 55.

I have a sell call on Siemens for a target of Rs 735 with a stoploss of Rs 910. The stock was not able to keep above its resistance level of Rs 950 for quite sometime. It has succumbed to selling pressures and has now broken down. The level of Rs 825 was a good support which was broken down today.



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First Published on Dec 17, 2014 03:16 pm
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