Wednesday, May 2, 2012

Buy Hero Motocorp with target of Rs 2,290


Hero Motocorp is a green stock and we just want to buy it on every dip, on every correction. It corrected for three or four days. It went into a sideways range. Now it had a very good session, but that also got it to a resistance level."

He further added, "If the markets are going to rally, if they are going to maintain their position, Hero Moto is likely to be an outperformer, a stock that’s willing to breakout onto new highs and needs to be bought into. So for today it is an excellent trade. We can have a target maybe probably of Rs 2,290 even Rs 2,300 for the day trader. For the position trader you buy it and expect it to move further

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