The latest analysis and commentary by stock market guru Mitessh Thakkar on what is moving the markets today.
He shared his views and readings on Bajaj Finserv, Jindal Steel & Power, NBCC (India), NCC, Yes Bank, Pidilite.
Recommending stock specific ideas, Thakkar said, “I have one call only that is on Pidilite. It is trading above the 200 day average which is about Rs 1,092. So, keep a trigger of Rs 1,090; if it starts breaking below that, go short with a stop at Rs 1,105 for target of Rs 1,060.”
Talking about stocks, Thakkar said, “Attempt a short on Bajaj Finserv with a stop at Rs 6,255 for targets of Rs 5,800. Buy Jindal Steel above Rs 144, keep a stop at Rs 141 and look for targets of Rs 152. Sell NBCC around Rs 49.5 with a stop at Rs 51.20 and look for targets of Rs 45. NCC is a buy with a stop below Rs 85 for target of Rs 91.”
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