ITC is another stock from FMCG basket, that can move up going further.
Buy near current prices for targets 247-252-259-266 over next few days.
Keep a stop loss of 238/-
Derivative traders may buy calls of strike 240, around Rs . 6, for targets of Rs . 9-12 keep a stop loss of Rs . 3.5/- or cut the position if spot rate goes below 238/ on a closing basis.
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