Sell Kaveri Seeds with an intraday target at Rs 395: Chandan Taparia

Chandan Taparia, Derivatives & Technical Analyst - Equity Research at Anand Rathi Financial Services has recommended sell on Kaveri Seed with a target of Rs 395. He has advised traders to place a stop loss at Rs 418. At Rs 403.25, the stock is trading above its 100-day moving average. The scrip is also trading above its 20-day 50-day and 100-day moving averages. The stock has breached all the three averages offlate in the tight rage off Rs 356-Rs 384. The 200-day moving average now lies at Rs 457 level. The stock has climbed 24 per cent in the past three month.