Andhra Bank - Hold
hold for 2-3 months The stock is forming higher tops and bottoms on the charts. It has resistance at 166. Hold with a stop loss of 163 for market out-performance.
It is a high dividend yield stock. The bank's net interest margin is 3 per cent and it is growing at healthy rate.
Reliance Industries Ltd(Hold)
The stock has underperformed the benchmark indices and has been trading in a range of 900-1150. Once the stock nears the 1150 levels, supply overpowers demand. A close above 1150 is needed for a breakout after which the stocks might head towards the 1600 level. Hold with a stop loss of 890.
Piramal Healthcare Ltd(Sell)
The stock is range bound between 475 and 550. It is consolidating. It has support at 475 and the resistance is at 550. Hold with a stop loss of 470.
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