The latest analysis and commentary by stock market guru Mitessh Thakkar of mitesshthakkar.com on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about Tata Motors, Tata Steel, Marico, Colgate Palmolive (India), Infosys, Ultratech Cement, Indraprastha Gas, CESC.
“The sell is on Colgate. In fact Hindustan Unilever (HUL) and Colgate both gone through corrective action. Colgate is still expanding on the negative side. So, take a sell with a stop of Rs 1,241 for targets of Rs 1,200. Three buy calls, Tata Motors DVR is a buy with a stop of Rs 95.70 for targets of Rs 106. Tata Steel has been a recommendation earlier and metals are doing well. Tata Steel now can be bought afresh with a stop at Rs 539 and look for Rs 570-575 kind of target. Marico is a buy as well. Keep a stop below Rs 350 and look for targets close to about Rs 370.”
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