Buy Jubilant Food, TVS Motor; sell Hindustan Zinc: Gujral

JSPL is breaking out. It has opened up strongly, went sideways and again is breaking out in the last one hour, so you could see Rs 132 to about Rs 134. So, more rally could be still there. Jubilant Foodworks is a buy with a stop loss of Rs 1,065, target of Rs 1,120. Another one that is coming out of correction is TVS Motor, that is a buy with a stop loss of Rs 420, target of Rs 445. Hindustan Zinc is a sell with a stop loss of Rs 291, target of Rs 276. Wockhardt does appear that it has not made any fresh lows. The low was around Rs 630-640, so chances are some accumulation probably starting on this bad news and as good news develops, Wockhardt should get back towards Rs 900-950

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