The latest analysis and commentary by stock market guru Ashish Chaturmohta of Sanctum Wealth Management on what is moving the markets today.
He shared his views and readings on Reliance Industries, Tech Mahindra, UPL and Havells India.
Talking about stocks, he said, “Reliance is heading towards Rs 1,440 kind of zone, Rs 1,370 should be kept as a trading stop loss for going long into Reliance and Tech Mahindra could be bought with a stop below Rs 805 on upside. I am expecting stock to hit Rs 855-860 in next 2-3 trading sessions.”
“UPL is headed towards its all-time high territory and Rs 938 should be the trading stop loss on upside. I am expecting stock to hit Rs 980 to Rs 1,000 zone. Havells is one stock which is consolidating for last 4-5 weeks near its 52 week high but this time the rollover is around 77-78 percent which is very high and indicating that lot of longs being rolled over to May series. So Havells could be bought, Rs 760 should be the trading stop loss on upside, Rs 805 could be a short-term target one can expect in Havells,” he added.
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