The latest analysis and commentary by stock market guru Chandan Taparia of Motilal Oswal Securities on what is moving the markets today.
He also spoke at length on State Bank of India (SBI), RBL Bank, and Ultratech Cement.
Talking about F&O stock ideas Chandan Taparia said, “First trade is buy on Ultratech Cement. The stock has recently taken support near to Rs 4,300 zones which earlier used to be the momentum in the breakout zone. After that stock rallied by more than 7-8 percent. One can buy this with a stop loss of Rs 4,400 and this stock has potential to re-test high and move towards Rs 4,700 zone. Second trade is buy on State Bank of India (SBI), it has recently seen the positive momentum. It is holding well above it 50 day exponential moving average. We are recommending through potions buy 315 Call with a stop loss of Rs 9 and expect this Call to move towards Rs 22-21 on the higher side.”Disclaimer
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