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 Infosys and Hero Motocorp.
“Infosys is clearly giving a breakout and almost two years of consolidation we saw when it took out Rs 650 levels. Infosys should move higher towards Rs 800 levels that is the first target Rs 810 we have in mind so for February this is one stock which will keep the market intact. Second is Hero Motocorp. We are buying the call options of Hero Motocorp. The reason is very simple that the implied volatility of the call options was very subdued because the stock has fallen from Rs 4,000 to Rs 2,600 levels. It is a very substantial fall. Now almost four year high volumes we have seen in the stock. Around Rs 80-85 you can buy this Call option, it can move to Rs 160 also.”Disclaimer
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