Technical calls by Religare Broking: Buy Aurobindo Pharma, Bata

Top trading ideas by Religare Broking:

Aurobindo Pharma Limited

Rec: BUY

Last Close: Rs 761.05

Initiation range: Rs 750-755

Target: Rs 820

Stop loss: Rs 720

AUROPHARMA witnessed decent profit taking of late and found support around the short-term moving averages (50/100 EMA) on the daily chart. We believe it’s an excellent buying opportunity, considering the overall chart structure and positioning of confirmations indicators. Traders can accumulate within the given range.

Vedanta Limited

Rec: Sell Oct Futures

Last Close: Rs 231.85

Initiation range: Rs 233-235

Target: Rs 220

Stop loss: Rs 240

Unlike other metal counters, VEDL has been seeing gradual recovery and facing tremendous pressure around the resistance zone around 240 levels for