Sunday, April 19, 2015

Hindalco may outperform Nifty

Hindalco if corrects along with Nifty is a good Buy as the Metal sector is outperforming Nifty and the metal sector will be the key sector for Nifty to Rally the Metal Sector was in an Oversold Position and after long accumulation has started showing strength

I suggest Hindalco is a Good Buy @137.25 with a strict Stop Loss of  136.6 and Target of  140.4

A Risk Reward of 1: 4.85

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