Stock of the day : ITC Ltd For Target Rs. 99 - Religare Broking
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ITC Ltd
* ITC has been under selling pressure and underperforming the benchmark index from past more than five weeks.
* 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 GMRINFRA Ltd CMP 5.40; Range 5-6; SL 2; Target 12
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