The latest analysis and commentary by stock market guru CA Rudramurthy BV of Vachana Investments on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about L&T Finance, Indiabulls Housing Finance, Torrent Power.
Recommending stock specific ideas, Rudramurthy said, “I am going short on L&T Finance Holding and in futures one can definitely look at shorting. Target of Rs 135 with a stop loss of Rs 145. Indiabulls Housing Finance is a sell and with rise look at initial targets of Rs 725 and even eventually Rs 680 is possible. Have a stop loss of Rs 750 for this short call. I have a buy call on Torrent Power. Charts look very positive, last two to three days clear accumulation is seen. Buy for an initial target of Rs 270 with a stop loss of Rs 259.”Disclaimer:
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