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 Reliance Industries, Ajanta Pharma, HDFC, PVR.
"I have two stocks in the futures segment. One is PVR, I would put a stop loss below Rs 1,770 and I am expecting Rs 1,803 to about Rs 1,812 for PVR. PVR is showing a lot of momentum today. Similarly, another stock that is showing great momentum in today’s session is HDFC. I would put a stop loss below Rs 2,018, and Rs 2,047 and Rs 2,054 and if these two levels are crossed, then there could be Rs 2,065 as well. HDFC would also aid in the Bank Nifty’s performance in today’s session along with HDFC Bank."
“Reliance Industries, I would put a stop loss below Rs 1,395 and my target would be Rs 1,422 and Rs 1,430 on the up side. Disclosure has it that I personally hold Reliance Industries in my portfolio. I would chose Ajanta Pharma, that stock has outperformed and met both my targets so I would revise the upward targets, currently May Futures is around Rs 1,042-1,043 I am expecting it to test Rs 1,055-1,062 on the upside and now stop loss should be below Rs 1,032.
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