The latest analysis and commentary by stock market guru Rajat Bose of rajatkbose.com on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about Tata Consultancy Services (TCS), Interglobe Aviation (IndiGo) and Maruti Suzuki India.
“Maruti Suzuki June Futures is a sell call, put a stop loss above Rs 6,860 and target would be Rs 6,792-6,733. As I suggested earlier also about this Maruti June Futures I would expect the seller to carry forward the position because I am expecting Maruti to climb down to Rs 6,725 or thereabouts in its June Futures by Monday.”
“I am trading three stocks. Out of which two are buy calls. TCS and IndiGo are bucking the trend, TCS is holding out. I will put a stop loss below Rs 2,258 because in today’s session this stock will act as an index management stock and I have kept a target of Rs 2,310 because that is target for this upswing. IndiGo is showing a lot of strength, I would put a stop loss below Rs 1,674. Rs 1,712. The target I am giving is June Futures target. The lone sell call I have is on Maruti. I would put a stop loss above Rs 6,872. Rs 6,792 and Rs 6,733 are the two targets. I would suggest the short position be carried over because I am expecting a large fall in the market as well as auto stocks again going into Friday and Monday. So chances are that the index – Nifty - might shed about 200 plus points. Maruti might crack once again,” he said.Disclaimer:
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