Rico auto has gained around 4.8% up till now, in today’s trading session. The stock can be picked up. The stock has been recommended by stock analyst Rajat K Bose for intraday trading.
It is good for investors to purchase the stock around Rs 42, if the stock falls, otherwise grasp it between Rs 43-44, to achieve an intraday target above Rs 48.
The maximum target for the day is Rs 51, and the investors have a stop loss at Rs 39.80.
Technical Analyst Ashwani Gujral has suggested investors to buy delivery call of Essar Oil in case the stock crosses Rs 220 before 2.00 pm.
Mr. Gujral has recommended this stock for delivery for short term gains as the stock has performed well in an otherwise weak market. Presently, it is trading down 1.2% at Rs 219.10.
Investors need not to worry as it will hit the ground soon. If it drops further, buy it around Rs 210 to achieve a target between Rs 250-340. Keep a stop loss of Rs 190. In medium term it can touch 375 mark.