Stock of the day : Buy Vedanta Ltd For Target Rs.15 - Religare Broking
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Vedanta Ltd
* VEDL has been underperforming within the metal pack and looks set for a fresh fall.
* After the failed attempt to surpass the hurdle around 290, it plunged sharply to 230.
* It has witnessed a fresh breakdown, after spending nearly a month below the resistance zone.
* We thus recommend initiating fresh
shorts through the Put option.
BUY 230 PE Vedanta Ltd CMP 7.35 Range 6.5-7.5; SL 3.5; Target 15
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