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 Havells India, NBCC (India), Reliance Industries Ltd (RIL) and Biocon.
“I have a buy on Havells and it has been a buy earlier as well but clearly showing signs of continuation on the upside, could head towards Rs 815, currently can be bought with a stop at Rs 774. Couple of stocks which have come down on support areas - NBCC which can be bought with a stop at Rs 59.50, look for targets of about Rs 64-65 and RIL can be bought with a stop below Rs 1,300 for targets or a bounce back to about levels of Rs 1,345. The solitary sell call which I have is on Biocon where the intraday charts are negative. So on a three-four point jump from here, around Rs 532 can be sold, keep a stop at Rs 543, look for Rs 510 as the first target,” he said.
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