The latest analysis and commentary by stock market guru Chandan Taparia of Motilal Oswal Securities on what is moving the markets today.
He also spoke at length on RBL Bank, Equitas Holdings & ACC.
Speaking about his F&O stock ideas Chandan Taparia said, “First trade is on RBL Bank. The stock has surpassed its multiple hurdle of Rs 690 zone after the consolidation of 10 long weeks. Recommending to go long on RBL Bank with a stop loss of Rs 680 and we are expecting an upside movement towards Rs 735-740 zone. Second trade that is buy on Equitas Holdings, the stock is near to immediate hurdle zone of Rs 140 but Rs 140 Call started to see unwinding and because of that it may see fresh breakout on the higher side. one can buy with a stop loss of Rs 135 and we are expecting an upmove towards Rs 149-150 zones. One more trade that is in option front. We have seen buying interest in most of the cement counter and ACC has given a strong breakout, here we are expecting further short covering. Suggesting to buy At The Money Strike 1760 put a stop loss of Rs 13 and this call can move towards Rs 36-37 on the higher side.”Disclaimer
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