The latest analysis and commentary by stock market guru Rahul Mohindar on what is moving the markets today.
He shared his views and readings on ITC, Maruti Suzuki India, Infosys, Axis Bank, HDFC.
Stock specific, Mohindar said, “Axis Bank has broken key support levels of Rs 692. Immediate target seems to be towards Rs 671. I would sell that with a stop loss of Rs 697. Another stock I would sell is HDFC. I think we are heading to levels of Rs 1,800-1,805. I would sell this keeping a stop loss above Rs 1,905.”
On stocks front, he said, “Buy ITC at current market Rs 270 being a stop loss and in couple of days it might even move to levels of Rs 290 and if trading for next 2 or 3 sessions maybe look at Rs 280-283.”
“I have a sell on Maruti, so a with a stop loss of Rs 7150 I will be looking at initial targets of Rs 6820 and if you are trying to extent that to over 2 weeks Rs 6700 can be coming on it. So a negative there,” he added.
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