Stock of the day : ITC Limited For Target Rs.14 - Religare Broking Ltd
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ITC Limited
* ITC has been under selling pressure from past more than four weeks with gradual rise in volumes.
* It has witnessed a decisive breakdown from the prolong consolidation zone with noticeable surge in volumes.
* Stock has slipped below all its key moving averages indicates bearish tone to continue.
* We thus recommend creating shorts through the Put option.
BUY 405 PE ITC Limited CMP 6.75; Range 6-7; SL 3; Target 13
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SEBI Registration number is INZ000174330
