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Last Updated : Nov 20, 2015 03:18 PM IST | Source: CNBC-TV18

Buy ITC, Zee Entertainment, HDFC: Manish Hathiramani

Manish Hathiramani of Deen Dayal Investments advises buying ITC, Rel Infrastructure, Zee Entertainment and HDFC.

Manish Hathiramani of Deen Dayal Investments told CNBC-TV18, "One may buy Housing Development Finance Corporation (HDFC) for target of Rs 1,235 and stoploss of Rs 1,185; Rs 1,200 is a good resistance level for this stock."

"One can buy Reliance Infrastructure for target of Rs 460 and stoploss Rs 370. After a long period of lull which was more negative to sideways, we see fresh impetus in the stock. After it has crossed the levels of Rs 350 we see a very positive technical structure."

"Third buy is on an ITC target of Rs 360, stoploss of Rs 340. The stock is positive above the level of Rs 350. We see a slight pause today which can be looked into and buying. Stock certainly looks good for a target of Rs 360-365."

"One can buy Aditya Birla Nuvo for target Rs 2,150 and stoploss Rs 1,940. A sharp comeback after it has crossed the levels of Rs 2,010. Risk reward is not favourable but the trade seems to be an uptrend breakout," he said.

"One can buy Zee Entertainment Enterprises for a target of Rs 410 and stoploss of Rs 380. It is now been able to break the Rs 375 levels which was a shorting zone. Stock has actually bounced from those levels and is now triggering small buy signals. Small quantity can be trickled in for a target of Rs 410."

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First Published on Nov 20, 2015 03:18 pm
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