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Picks of the day - February 28, 2015


Note:
Please use these calls only if you feel comfortable. Otherwise avoid taking intraday positions, even if you do, use strict stop losses and cut the loss immediately if market shows any counter-directional swing.


Maruti (3604.40): Buy at a minor dip if it holds above 3595-3585 range. Stop loss: 3578, Targets: 3624, 3636 and 3648.


Ultratech (3125.80): Buy at a minor dip if it holds above 3115-3105 range. Stop loss: 3090, Targets: 3146-50, 3166 and 3178-3182.




Note:
Calls are based only on technical studies.

Stop-loss is an essential risk control mechanism; it should always be there.

Trading involves considerable risk. Trade at your own risk to the extent you are comfortable.

Trade well

Simi Bhaumik

 
Disclaimer

Trading involves considerable risk. Trade at your own risk to the extent you are comfortable. The analyst shall not be responsible for any losses incurred for acting on these recommendations.

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