Zee Entertainment has target of Rs 200: Salil Sharma

Salil Sharma, Technical Analyst, Kapur Sharma & Co is of the view that Zee Entertainment Enterprises has target of Rs 200.

Sharma told CNBC-TV18, "Zee Entertainment Enterprises has given a good breakout. It is quoting at a lifetime high, so one can take a positional trade there keeping a stop loss of Rs 150 and maybe three-four months target of closer to Rs 200. It is a beneficiary of the digitization process. "

He further added, "Beside that Tata Global Beverage has given a good move and if it goes above Rs 139 it will gather more momentum. From pharmaceutical space Cipla has given a good move and now it’s consolidating. If it gives a move above Rs 365-370 then it would become a good long-term buy."

Disclosure: We have recommended the shares we just spoke about to our clients and also we would have vested interest.