Buy Reliance Industries, ICICI Bank & sell Zee Entertainment, says Yogesh Mehta of Motilal Oswal

Mitessh Thakkar stock picks are, “I have a buy on Interglobe Aviation, it has moved on slightly but around Rs 1,600 buy with a stop below Rs 1,580 for targets of Rs 1,640. Coal India is a sell with a stop at Rs 242.50 for targets of Rs 230.”

Yogesh Mehta stock picks are, “My first trade is Reliance Industries, yesterday after a strong move in the second half still it is continuing to be in the positive territory and one can initiate long positions keeping a stop loss of Rs 1,260 in future segment and for a target of Rs 1,310-1,315 levels. The other one is ICICI Bank, strong support around Rs 376-377 levels and the risk reward is very much favourable. Keeping a stop loss of Rs 377 target could be in the range of Rs 395 for long in ICICI Bank. The short one is Zee Entertainment. It is down by almost 8-8.50 percent currently but it has breached its support line of Rs 323 so till it remains below these levels one can initiate short for a target of Rs 300 and revised stop loss could be in the range of Rs 328.”

Follow stock recommendations by Sudarshan Sukhani here: https://www.cnbctv18.com/author/sudarshan-sukhani-159/

Follow stock recommendations by Mitessh Thakkar here: https://www.cnbctv18.com/author/mitessh-mthakkar-111/

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