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Top trading ideas by Religare Broking
BUY INDUSIND BANK LIMITED
CMP: Rs 1,541.60
TARGET: Rs 1,600
STOP LOSS: Rs 1,500
INDUSINDBK has been consolidating for nearly four months, after retesting its crucial support zone of 200 EMA on a weekly chart. It posted a fresh breakout on March 5, supported with a decent rise in volume. Indications from the banking index are also favourable. We advise initiating fresh long positions as per the given levels.
BUY RELIANCE INDUSTRIES LIMITED
CMP: Rs 1,237.45
TARGET: Rs 1,290
STOP LOSS: Rs 1,200
After retesting its record high last month, RELIANCE has retraced marginally and is currently hovering around
