All FMCG stocks are working as defensive and main FMCG stocks like ITC and HUL are reaching at 52 week high so this is fresh and no one looking into EMAMI and now punters are going to bet on EMAMI.
If the stock is closed above 491 with some volume than it clearly show that it will zoom up to 513 and then 529 so keep close watch on this and stop loss is 474 on closing basis and if it close above 531 than add another 23 to 30 rupees.
Another call on PIRAMAL HEALTHCARE sell with the stop loss of 525 with the target of 491 482.
Cheers Chirag CM
