Stock of the day : Marico Ltd. For Target Rs.650 - Religare Broking
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Marico Ltd
* We are seeing decent strength in the FMCG sector and MARICO is leading from the front.
* It has formed a fresh buying pivot holding above its short term moving average indicates momentum in place.
* stock has rebounded higher with noticeable volumes finding support around its previous resistance zone highlights inherent strength in price.
* Traders can consider fresh longs in the mentioned range.
Buy Marico Ltd CMP 614.55 Range 610-615 SL 594; Target 650
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SEBI Registration number is INZ000174330
