EDIFY SCROLLS: TOP PICK FOR THE MONTH OF OCTOBER’2021

  1. TATAMOTORS: rolls at 95% above 3 months average (cost improve), implying long rolled SL 310 TGT. 360-370
  2. CANBK: well above avg. roll 97% (with cost improve), SL 160 can test higher levels of 190
  3. GRASIM: counter well above avg. rolls at 96%, improve in cost (M-o-M improve) long rolls, SL 1610 TGT. 1820
  4. BHEL: witness above avg. rolls at 96%, with C-o-C improve, implying long roll SL 57-58 TGT. 72-73
  5. TATACHEM: rolls above avg. at 96% (cost improve long rolled, last month 94%) SL above 865 TGT. 995
  6. CANFINHOME: rolls at 96% with cost positive, implying long roll, SL 660 buy on dips can test 775-785
  7. L&TFIN: has above avg. roll 96% (improve M-o-M) with cost positive long rolled SL 84 TGT. 102-105 levels
  8. NALCO: long rolls at 96% (well above avg. and last month) with cost improve, SL 84 TGT 102-112
  9. GAIL: in line with avg. rolls at 96% with cost improving suggesting long SL 155 TGT. 172-173 levels
  10. TATAPOWER: witness above avg. rollover of 96% with cost improve, SL 145 levels target of 175-180

Private & Confidential – @edify 2021’2022