The latest analysis and commentary by stock market guru Rajat Bose on what is moving the markets today.
He shared his views and readings on Bata India, Tech Mahindra, Hero Motocorp, Indiabulls Housing Finance, BEML, Ashok Leyland, Equitas.
Stock specific, Bose said, “Ashok Leyland I would put a stop loss at Rs 80.90, Rs 85 and Rs 86 are the two targets. Ashok Leyland would find it difficult to cross Rs 86, but once it crosses Rs 86, then it can gain more traction. The second stock I have chosen to buy is Equitas. I would put a stop loss below Rs 116.25, Rs 119.50 and Rs 121 are the two targets. Once it takes out Rs 121, it can even move up to Rs 124.”
Talking about stocks, he said, “I would sell Tech Mahindra with a stop above Rs 832 and targets should be Rs 809 and Rs 801.”
“I would buy Hero Motocorp with a stop below Rs 2,605; Rs 2,689 and Rs 2,713 are the two targets. I would put a stop below Rs 1,265 on Bata. It is showing a lot of relative strength, probably could be posting a new high; targets are Rs 1,307 and Rs 1,324,” he added.Disclaimer:
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