Aarti Inds, Bajaj Auto and Sun Pharma are the top stocks of Ajit Mishra



Limited


Recommendation: Buy





Last Close: Rs 932.50


Initiation range: Rs 930-935


Target: Rs 990


Stop loss: Rs 905


has been consolidating in a range for the last two months after recording a new record high at Rs 960. The stock has formed a strong base around Rs 880 levels and currently inching towards the upper band. Indications are in the favor of breakout in near future.


Limited


Recommendation: Buy


Last Close: Rs 3908.70


Initiation range: Rs 3890-3910


Target: Rs 4060


Stop loss: Rs 3830


has seen a breakout from a consolidation range of Rs 3680-3830 zone while holding strongly above the support zone of long-term moving average on the daily chart. The chart pattern and positioning of the oscillators are pointing towards a steady rise. We advise accumulating in the given range.


Sun Pharmaceutical Industries Limited


Recommendation: Buy


Last Close: Rs 775.10


Initiation range: Rs 775-780


Target: Rs 820


Stop loss: Rs 760


has been consolidating in a range for the last two months and looks set for a breakout now. We feel it’s prudent to maintain few defensive stocks citing the possibility of volatile swings in the near future. Traders shouldn’t miss this opportunity and accumulate in the mentioned zone.


Disclaimer: Ajit Mishra is VP – Research at Religare Broking.


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