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 State Bank of India (SBI), Bosch, Manappuram Finance, Pidilite Industries, Bajaj Auto, UPL.
Speaking about stock recommendations Mitessh Thakkar said, “I have one buy and one sell, Bajaj Auto is a sell, it has started kidding of dipping but Rs 2,825 is where I would want to be going short here with a stop at Rs 2,951 and Rs 2,880 is my first target. UPL is a buy with a stop at Rs 954 for targets of Rs 992.”
“State Bank of India could be interesting stock to watch out today. I would be a buyer here with a target of Rs 325 keep a stop at Rs 308.50. If Rs 325-330 is crossed then we will look at further upsides. The second buy is Manappuram Finance where the intraday charts are positive buy with a stop below Rs 118 for targets of Rs 117. I have two sell calls Pidilite Industries I believe the results are bad but technical set-up also suggest towards more corrective movements so that is a sell with a stop at Rs 1,150 look for targets of around Rs 1,105. Bosch is have been recommending a sell for last two days. Sell with a stop at Rs 17,200 for targets close to about Rs 16,000.”
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