The latest analysis and commentary by stock market guru Manoj Murlidharan, VP-derivatives at Religare Securities on what is moving the markets today.
He shared his views and readings on ITC and Tata Consultancy Services (TCS).
Talking about ITC, he said, “For a short-term, I would advise buying around Rs 280, keep a stop loss of Rs 274 odd on that and we are expecting the first move or a distribution of Rs 293 on that.”
“We are seeing some good buying happening in the IT stocks so we would recommend buying TCS at Rs 1,920 with a stop loss of Rs 1,900 and a target close to Rs 1,980 is very much possible on the stock,” he added.
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