The latest analysis and commentary by stock market guru Mitessh Thakkar of mitesshthakkar.com on what is moving the markets today.
He shared his views and readings on Larsen & Toubro (L&T), Tata Elxsi, Reliance Industries, ITC, MCX and Bosch.
Speaking about stock picks Mitessh Thakkar said, “Stock specific basis I have two calls MCX is a buy, it has come down to support levels of Rs 800-805 so keep a stop below Rs 796 look for Rs 830 as a target. Bosch is a sell with a stop at Rs 17,200 target for Rs 16,000.”
“Larsen & Toubro (L&T) is a sell with a stop at Rs 1,336 I would look for targets closed to about Rs 1,280 here. Tata Elxsi is also showing continuation signals on the downside could decline to about Rs 820 zones that is a sell with a stop at Rs 860. Two buy calls, Reliance Industries has come down to support levels of Rs 1,220 so if we get it around Rs 1,225 during the day longs can be explored, keep a stop at Rs 1,211 for a bounce back to Rs 1,250. Similar set up is happening with charts of ITC which would be good buying case if the stock is close to Rs 286 keep the stop at Rs 282 look for targets of Rs 295.”
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