The latest analysis and commentary by stock market guru Rajat Bose of rajatkbose.com on what is moving the markets today.
He shared his views and readings on Ashok Leyland, Colgate Palmolive (India) and Eicher Motors, Reliance Industries, Maruti Suzuki, Interglobe Aviation, Hero MotoCorp.
"Interglobe Aviation I would put a stop loss below Rs 1,572. Rs 1,607 and Rs 1,615 are the two targets. Hero MotoCorp May futures, Rs 2,580 is my stop loss, Rs 2,632 and Rs 2,640 are the two targets for Hero MotoCorp May futures."
“I am trading two stocks, one Maruti Suzuki May futures, Rs 6,750 would be my stop loss and Rs 6,853 and Rs 6,905 are the two targets for Maruti. It is an excellent pullback rally. Apart from that Reliance Industries disclosure has it that I personally hold some shares of Reliance in my portfolio. I would buy it in the spot with a stop below Rs 1,405, Rs 1,450 and Rs 1,459 these are the future levels. This is a positional call. I am expecting Reliance to actually lead this settlement with a strong upsurge.”
“I have chosen two auto sector stocks and one FMCG stock. Auto stock sector of course one of them is common Ashok Leyland. There is some fresh position building and there are certain initial signs that it would be in for a good pullback rally. I would out a stop loss below Rs 86.50. Rs 91.75 and 93.25 are the two targets that I have kept. Apart from that Eicher Motors put a stop loss below Rs 20,280 and Rs 20,818 and Rs 20,952 are the two targets for Eicher Motors. Finally the FMCG stock, after say about 45 days of down swing Colgate probably is in for a pullback rally. I would put a stop loss below Rs 1,178, Rs 1,212 and Rs 1,225 are the two targets, and however the pullback rally target is about Rs 1,237.”
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