Buy Dabur India Ltd @ 500-504, SLOSS AT 489, TRGT 525. - Religare Broking
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Derivative Ideas
DABUR gained 0.91% and closed at 507.1 on 11th May. The FMCG sector has been seeing some correction and DABUR is no different. Now the stock found support at its important zone of 490-495 and saw a good intraday up move after that. The demand came with incremental volumes and Fresh Longs being added in its FUTS. We thus suggest initiating Longs as per the given levels
Strategy:- BUY DABUR @ 500-504, SLOSS AT 489, TRGT 525.
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