Buy Hero MotoCorp, Manappuram Fin, Kajaria Ceramics: Religare Securities

Buy Hero MotoCorp with target of Rs 3,880, says Religare Securities

Few trading ideas for Tuesday's session by Religare Securities:

Hero MotoCorp Limited (HEROMOTOCO)

Rec: BUY FUTS

Last Close: Rs 3676

Initiation range: Rs 3660-3670

Target: Rs 3880

Stoploss: Rs 3570

After a strong rally, HEROMOTOCO has been witnessing profit booking and retraced closer to its support zone around Rs 3600. The chart pattern indicates marginal consolidation followed by a strong up move. Thus, traders shouldn’t miss this opportunity and create fresh long in the given range.

Kajaria Ceramics Limited (KAJARIACER)

Rec: BUY

Last Close: Rs 676.65

Initiation range: Rs 670-680

Target: Rs 740

Stop loss: Rs 648

KAJARIACER rebounded strongly in the previous session from