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MTF Stock Pick  Buy TV18 Broadcast Limited For Target Rs. 43.50- HDFC Securities 

TECHNICAL OBSERVATIONS

* Stock price has already broken out on the daily and weekly chart by trading above 37.5 levels

* Short term trend of the Stock is positive where it is trading above its 5,20 and 50-day EMA

* Stock price has been taking support at 50 day EMA since last many months

* Oscillators like RSI and MFI is showing strength in the current uptrend of the stock

* Plus, DI is trading above -DI while ADX line is placed above 25 Indicating momentum in the current uptrend

* Considering the Technical evidences discussed above, we recommend buying TV18 Broadcast at CMP of 37.95 and average at 35.5, for the upside targets of 43 and 50, keeping a stop-loss at 34

Buy The New India Assurance Co. Ltd  Up to 3 Months @ 37.95-38 CMP 37.95 TGT 43,50 SL 34

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