The latest analysis and commentary by stock market guru Yogesh Mehta, vice president-equity advisory at Motilal Oswal Securities on what is moving the markets today.
He shared his views and readings on Axis Bank, Bajaj Auto and UPL.
Talking about stocks, he said, “Axis Bank has given a lifetime high closing first time ever, Rs 730 level. Keeping a stop loss of Rs 714, target could be in the range of Rs 765-770 level. Other one is UPL. It is not showing any sign of correction in any kind of market and now the midcaps are on a roar. So we believe that it could be again a good long strategy from here. Current price is around Rs 880-882 levels. Keeping a stop loss of Rs 860, target could be in the range of Rs 920-925 levels. Third one is Bajaj Auto. Though the auto pack is not moving and this is a laggard, but yet on the technical setup it is showing a strong sign, a bullish sign after a very long time. Current price is Rs 2,955, target could be in the range of Rs 3,080-3,100 levels, keeping a small stop loss of Rs 2,880.”Disclaimer:
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