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Last Updated : Aug 20, 2014 12:45 PM IST | Source: CNBC-TV18

Buy Gateway Distri, AB Nuvo, Gabriel India: Nooresh Mirani

Nooresh Mirani of Analyse India recommends buying Gabriel India as the stock may test Rs 65 and Shriram Transport Finance Corporation with a target of Rs 1000.


In CNBC-TV18's popular show Bull's Eye, Nooresh Mirani of Analyse India shares his trading strategies for the day.


One can buy Gateway Distriparks. We expected the stock to break out above Rs 250 levels which has been confirmed. We expect a target price of Rs 300-350 in the medium term. One can buy the stock at current levels with a quick target price of Rs 270 and a stoploss at Rs 250.


One can buy Aditya Birla Nuvo. The stock has been facing a lot of resistance around Rs 1,500. Once that is taken off we could be looking towards a target price of Rs 1,800 or higher levels also in the medium term. One can buy the stock at current levels with a stoploss at Rs 1,430 for a short term target price of Rs 1,700.

Close

One can buy Shriram Transport Finance Corporation. The stock has given a triangle breakout above Rs 910-920 levels and immediate target price would be placed at Rs 1,000 or higher. One can buy the stock at current levels with a stoploss at Rs 900 for a target price of Rs 1,000.

One can buy Gabriel India. The stock gave a long term breakout at Rs 40-45 levels on a 10 year time frame. Post that the stock has been in a good trend. Very recently the stock has made a new high in the short term. We expect the momentum to continue towards Rs 65 in the short term. One can buy the stock at current levels with a stoploss at Rs 53.

First Published on Aug 20, 2014 12:23 pm
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