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He spoke at length about Mahindra and Mahindra (M&M), ICICI Bank, Ajmera Realty and Infra India, United Breweries Ltd (UBL) and Tata Elxsi.

“I am betting on some short covering to take place in M&M and ICICI Bank. ICICI Bank – I would rather buy with a stop below Rs 360. Rs 369 and Rs 372 would be the targets for me and M&M I would like to buy with a stop below Rs 685.90. Rs 699 and Rs 704 are the targets,” he said.

“Ajmera Realty I would be buying with a stop below Rs 176.90 and Rs 187 and Rs 191 – Rs 191-192 happens to be the 200-day moving average (DMA) zone. That is my second target for the day. UBL January futures I would buy with a stop below Rs 1,445. Rs 1,477-1,485 are the two targets for UBL. Tata Elxsi is a sell with a stop above Rs 948. Rs 931 and Rs 928.10 are the two targets for Tata Elxsi in today’s session,” he added.

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First Published:Jan 24, 2019 10:31 AM IST