The latest analysis and commentary by stock market guru Sameet Chavan of Angel Broking on what is moving the markets today.
He also spoke at length on LIC Housing Finance, Raymond & Maruti Suzuki.
Sameet Chavan stock recommendations are, “LIC Housing Finance at current juncture certainly looks good, yesterday there was a decisive breakout from previous resistance. Today we are seeing mild profit booking. It is now trading around important support so from here on we expect upward trajectory to continue. One can go long at current levels stop loss at Rs 512 target of Rs 548. Second buy from the midcap space would be Raymond which has been clearly outperforming so most of the peer counters since last many weeks. We would buy Raymond with an anticipation of breakout Rs 852 target Rs 787 stop loss. We are closing tracking Maruti Suzuki it appears to have Rs 6,700 has become a very strong base now. We saw good decisive move beyond Rs 7,000. We would buy today’s dip for a target of Rs 7,400 stop loss of Rs 6,840.”Disclaimer
: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.