Buy Maruti Suzuki: If this stock moves below Rs 5,400 then it can go down to Rs 5,100-5,150. However, Maruti Suzuki looks positive and any decline towards Rs 5,000 should be used as buying opportunity for overall target of Rs 5,800 in next three to six months.
Buy Cipla: The stock is looking good on charts and investors can buy Cipla above Rs 605 for target of Rs 650-660 with stop loss at Rs 570-580.
Sell Jubilant FoodWorks: The stock is looking weak on charts and has important support at Rs 930 and if that is broken then it can go down to Rs 850-800. Investors who are holding sell positions should continue to hold and fresh shorts should be created below Rs 930 for target of Rs 850-800. Meanwhile, pullbacks towards Rs 970 should also be used as selling opportunity with stop loss at Rs 1,005 for immediate target of Rs 930.
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