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Bajaj Auto
Recommendation: Buy
Last Close: Rs 3,010
Initiation range: Rs 2,985-3,005
Target: Rs 3,150
Stop loss: Rs 2,930
Bajaj Auto has been rebounding for last two months or so after testing its crucial support zone around Rs 2,450 levels. It has now reached closer to its resistance zone around Rs 3,050 and all indications are pointing towards the possibility of fresh breakout ahead. We thus advise traders to accumulate in the given range.
Bharat Electronics
Recommendation: Buy
Last Close: Rs 110.50
Initiation range: Rs 107-109
Target: Rs 120
Stop loss: Rs 103
BEL has been rebounding for the last eight months, after sharp correction from its record high. After the marginal dip,
