Buy Muthoot Finance Ltd For Target Rs.1425 - Religare Broking
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Derivative Ideas
MUTHOOTFIN gained 2.03% and closed at 1386.3 on 2nd Mar. The stock after taking the support at 1300 levels shown good up move. The counter has given a breakout above 1370 with Fresh Longs added in its FUT. Minor resistance at 1400, crossing above that, MUTHOOTFIN is poised to test 1450 levels. We recommend to go Long in MUTHOOTFIN.
Strategy:- BUY MUTHOOTFIN @ 1365-1375, SLOSS AT 1330, TRGT 1425.
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