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 Steel, Asian Paints Bosch and RBL Bank.
“I have equal number of buy and sell calls. Two buy calls and two sell calls. The first one is a buy on Tata Steel – metals were in action yesterday – buy with a stop of Rs 495 for targets of Rs 525. I also have a buy on Asian Paints with a stop of Rs 1,414 for targets of Rs 1,450. A sell on Bosch with a stop of Rs 17,200 for targets close to about Rs 16,350 and RBL Bank is a conditional sell, it is trading at Rs 658, I would want to see the pivot of Rs 655 being broken. So sell below that, Rs 654 if it is hit and keep a stop at Rs 662, look for declines of about Rs 636 kind of levels,” he said.
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