The latest analysis and commentary by stock market guru Sameet Chavan of Angel Broking on what is moving the markets today.
He also spoke at length on Wockhardt, Raymond and Motherson Sumi Systems.
Sameet Chavan stock recommendations are, “At current juncture within the midcap pharma space we have a contra buy on Wockhardt. It is verge of a breakout and we would anticipate this breakout and would advise going long for a target of Rs 408 stop loss of Rs 368. Second buy would be on Raymond, this has been one of the outperforming stocks off late. We would continue with a positive stance on Raymond. Immediate target to watch out for is Rs 855 it can be bought with a stop loss of Rs 803. Motherson Sumi Systems is a buy with a stop of Rs 118 and target of Rs 134.”
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