Top trading calls by Ajit Mishra of Religare Broking: Buy Marico, HPCL

Hind Petro has been witnessing profit-taking in line with other OMCs and now reached its major support zone of long-term moving average(200 EMA) on the daily chart

Marico Limited
 

Recommendation: Buy

Last Close: 421.30

Initiation range: 416-420

Target: 450

Stop loss: 405

We’re seeing select FMCG counters doing well despite the prevailing volatility across the board. Among the stocks, Marico is trading in a range around its record high and currently hovering around the upper band of the same. Indications are in the favor of a breakout in near future. Traders can consider fresh buying in the mentioned zone.

Hindustan Petroleum Corporation Limited
 

Recommendation: Buy

Last Close: 231.55

Initiation range: 228-230

Target: 248

Stop loss: 220

Hind Petro has been witnessing profit-taking in line with other OMCs and now