Manoj Murlidharan: BUY JK Cement and Coal India

Manoj Murlidharan: BUY JK Cement and Coal India

Technical analyst Manoj Murlidharan from Religare Broking has suggested two BUY Calls for today’s trade, indicating a bullish outlook for Indian markets. Indian markets are expected to open positive today and we could see NSE Nifty above 19300 levels. The markets are getting support at lower levels. US markets closed slightly positive on Thursday. The trend in global markets is cautious but the stock indices are trading firm.

Murlidharan has suggested BUY Call for cement major JK Cement for a target of Rs 3,400 with a stop loss of Rs 3,200. The stock can offer decent returns to short term traders.

Murlidharan has suggested BUY Trade for Coal India at current price for a target of Rs 246 to Rs 248 with a stop loss of Rs 215. The stock is looking strong on the charts.

All trades should be conducted with strict Stop Loss. Markets can have unpredicted moves based on news and trends in the global markets. Stop Loss is an important strategy to reduce the risk in case the stock doesn’t move as per the call given by market experts.

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