The latest analysis and commentary by stock market guru Rajat Bose of rajatkbose.com on what is moving the markets today.
He also spoke at length on Maruti Suzuki and Larsen & Toubro (L&T).
“I offer two long positions one is Larsen & Toubro (L&T) May futures which I would buy at the current levels around Rs 1,360 stop loss below Rs 1,349.50, on the upside I am expecting Rs 1,378 and Maruti Suzuki, in today’s session it is showing hammer line formation and this hammer line formation and this hammer line might actually take it up higher so Rs 6,674 to about Rs 6,678 that kind of range can be scaled up in today’s session with minor resistance around Rs 6,660 and thereafter if it manages to stay above Rs 6,678 then Rs 6,712 would be the next target and the stop loss here would be Rs 6,577.”Disclaimer
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