Buy Arvind with an intraday target at Rs 290: Kunal Saraogi, Equityrush.com

Kunal Saraogi, CEO at Equityrush.com recommends an intraday buy call on Arvind with a target of Rs 290 and a stop loss of Rs 281. The stock has plunged a little over 20 per cent so far in the year 2016 but traders can look at buying the stock on dips.

The stock is trading above its 50-DMA, but below its 100, and 200-DMA placed around Rs 296.32, and Rs 290.69 respectively.