The latest analysis and commentary by stock market guru Rajat Bose of rajatkbose.com on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about Bosch, Wipro, Hero MotoCorp, and Power Finance Corporation (PFC).
Speaking about individual stocks, Bose said, “Hero MotoCorp is one of the stocks I am buying the May Futures, putting a stop loss below Rs 2,660, Rs 2,758-2,787 are the two targets. It is a pullback rally. Power Finance Corporation (PFC) showing bit of a consolidation and a pullback rally. Chances are that it will not fall below Rs 110.25 which is my stop loss level and suggesting a buy. An eventual pullback target for this move would be Rs 114.20 that is the target that I have on PFC.”
“I have two sell calls. One is Bosch. I would put a stop loss above Rs 17,230 and look for targets of Rs 16,980. It could even go down to Rs 16,925. Wipro although it is consolidating now, I have a feeling that Wipro will not be able to cross Rs 285 and it fall again. So, either sell at current levels or on slightly higher levels. Target should remain Rs 278 and Rs 275.50.”
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