Majesco
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Of the addressable market of US$25bn for Majesco, around US$15-16bn relates to the L&A market.
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We currently have a target price of Rs 667 on the stock
Positional Pick
RBLBANK (LTP: 521) BUY
For today’s trade, long position can be initiated at 518-515 for target
of Rs 545 with a strict stop loss of Rs 502
Intraday Picks
BHARATFORG (LTP: 700) SELL
For today’s trade, short position can be initiated at Rs 706-709 for target of Rs 691 with a strict stop loss of Rs 715. Traders are advised to avoid early morning whipsaw.
CHENNPETRO (LTP: 425) BUY
For today’s trade, long position can be initiated at Rs 423-420 for target of Rs 435 with a strict stop loss of Rs 417. Traders are advised to avoid early morning whipsaw
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