A Mint column by NeoTrader co-founder Raja Venkatraman set conditional Nov. 11 trading levels for three Indian stocks, with stop-losses and two-month targets following a one-day exchange holiday.
National Stock Exchange of India (NSE) price histories credited to S&P Global Market Intelligence show Nov. 9 closes of ₹2,668.30 for Mankind Pharma Limited (MANKIND), ₹1,356 for Central Depository Services (India) Limited (CDSL) and ₹1,226.70 for Aegis Logistics Limited (AEGISLOG).
Venkatraman’s Mint column lists a Mankind entry above ₹2,675, a ₹2,570 stop-loss and a ₹2,950 target over two months. For CDSL, it gives an entry above ₹1,360, a ₹1,290 stop-loss and a ₹1,490 target. The Aegis levels are above ₹1,230, a ₹1,165 stop-loss and a ₹1,355 target. Each listed entry trigger is higher than the stock’s Nov. 9 close.
The CDSL discussion also calls for an immediate long position, even though the listed trigger sits above the cited closing price. Venkatraman’s technical assessment points to a possible double-bottom pattern for Mankind and a move above resistance near ₹1,330 for CDSL. He said buying interest at lower prices could cushion Aegis, although he viewed its trend as weak.
The NSE listed the Nifty 50 at 25,044.65 at the Nov. 9 close, up 58.25 points, or 0.23%. Its calendar marked Nov. 10 as a Diwali-Balipratipada trading holiday, making Nov. 9 the latest regular-session close before the date of Venkatraman’s setups.
Mint said the recommendations reflected Venkatraman’s individual views and noted that securities investments carry market risk. EconoTimes previously covered Venkatraman’s Nov. 6 trading levels. The levels in this column are dated Nov. 11.
