The latest analysis and commentary by stock market guru Mitessh Thakkar of mitesshthakkar.com on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about Century Textiles, IRB Infrastructure Developers, Coal India and Exide Industries.
“IRB Infra is one of the sell calls. Technically, there is some continuation signals on the downside. So keep a stop at Rs 107.50, target of Rs 98 or Rs 97 could be tested. I have one more sell on Exide, which I would want to sell on a mild pullback at levels of Rs 202, keep a stop loss at Rs 206.50. Rs 193 could be the target on the downside. Two buy calls, Coal India – intraday charts have turned positive, so buy with a stop at Rs 257, look for Rs 267 as the target while Century is a stock which has come down to very critical and strong support areas, so could bounce back. Buy with a stop at Rs 929 for targets of Rs 975,” he said.
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