Go long in Dish TV, says Hemant Thukral

Hemant Thukral of Aditya Birla Money recommends going long in Dsih TV India with a target of Rs 63.

Hemant Thukral of Aditya Birla Money told CNBC-TV18, "I would recommend a buy on Dish TV India . It has been adding to the traders interest now, 16 percent open interest has been added up, the stock very clearly now is taking support around that Rs 55-57 zone and moving ahead. I see an immediate short-term target of Rs 62.50-63 and if it moves above that then you can even be surprised further with the rally but definitely this media stock is looking very strong."

"Even if you see delivery based volumes, they are also started to move up on this counter, so I would definitely recommend going long. You can keep a stoploss of Rs 58; it's a midcap stock, so a large lot size is there, so tight stoploss has to be maintained. One may keep a stoploss of Rs 58 with a target of Rs 63 and if it manages to cross that then a target of Rs 65," he said.

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