Kunal Bothra of LKP Securities told CNBC-TV18, "Shriram Transport Finance Corporation is bucking the trend so far at this point in time. Over the last 2-3 trading sessions you have seen good amount of stability happening in Shriram Transport. It is finding a good base around levels of Rs 800 odd. I believe that from short-term perspective one can look at trading. I am looking at a target of Rs 840 but if the larger move probably picks up, you can see even Rs 875-880 in the next couple of weeks. So from a trading perspective Rs 840 is my target keeping a stop loss of Rs 802."
"Looking at the short-term charts, Idea Cellular is trading above its short-term moving averages which is where I believe that if the stock crosses Rs 172 today and if it closes above that it could be a very good buy. One could look at a risk reward of almost 1:3 which makes it very attractive from a trader's perspective. I am looking at a target of Rs 180 if it crosses Rs 172, keep a stop loss of Rs 169 on it," he added.
Disclosure: Analyst has no personal holdings in the stock and it is possible that he may have recommend the same to his clients at LKP as well.
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