Eicher Motors, Zee Ent: Trading ideas by Ajit Mishra of Religare Broking

Here's why the analyst recommends accumulating Eicher Motors and Voltas, but to sell Zee Entertainment Futures

Eicher Motors Limited
Recommendation: Buy
Last close: Rs 2,823.15
Initiation range: Rs 2,780-2,800
Target: Rs 2,960
Stop loss: Rs 2,710

We are seeing a mixed trend within the auto space and Eicher Motors has recently witnessed a breakout from a consolidation range of Rs 2,500-2750. Going ahead, it may see a marginal dip before resuming the trend. Traders shouldn’t miss this opportunity and accumulate in the mentioned zone.

Voltas Limited
Recommendation: Buy
Last close: Rs 1,187.25
Initiation range: Rs 1,175-1,185
Target: Rs 1,300
Stop loss: Rs 1,120

Voltas has surged strongly past the upper band of the