The latest analysis and commentary by stock market guru Amit Gupta of ICICI Direct on what is moving the markets today.
He also spoke at length on Tata Global Beverages and Container Corporation of India (CONCOR).
“For the April series the major traction will be in the underperforming spaces. Now you have already seen how auto, metals or infra stocks, capital goods they have started performing to some extent. My sense is even if Nifty goes for some consolidation in that case these spaces will keep on performing so out of this consumption is another space which has not been performing barring very few stocks. So, Tata Global Beverages we are picking from here which has already corrected by more than 50 percent and it is now around Rs 200-210 levels. On the higher side the stock can move towards the previous breakdown of around Rs 240-245 so that is how we can play this for the April series.”Disclaimer
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