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 Firstsource, Bharti Airtel, Raymond andTata Communications.
“I have chosen two stocks, Tata Communications I would sell around this current price of Rs 585, I would put a stop loss above Rs 587.50 or Rs 588 thereabout and expecting a level of Rs 572 on the downside. Raymond is another stock that I would sell at current prices and I would put a stop loss above Rs 786 and I would expect the level of Rs 772 to about Rs 771.”
Speaking about individual stocks, Bose said, “I have one midcap software stock to buy and one telecom stock to sell. Firstsource is a buy with a stop below Rs 47 and my targets are Rs 54 and Rs 57. The second target may not be met today, but given the chart pattern Firstsource looks very good among the midcap IT stocks. It is likely to move up and scale up to those levels of Rs 57. Bharti Airtel initially went up, but now it is not sustaining. I would put a stop loss above Rs 354.50, Rs 347 and Rs 343 are the two targets. It can even go down further.”Disclaimer:
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