The latest analysis and commentary by stock market guru Chandan Taparia of Motilal Oswal Securities on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about Indraprastha Gas, UPL, and Infosys.
Speaking about individual stocks, Taparia said, “Recommending to go long in Indraprastha Gas (IGL) for a target towards Rs 330 with a stop loss of Rs 308 in the counter.”
“Recommending to go long in UPL with a stop loss of Rs 930 and this stock has potential to go towards 990 levels,” he added.
On Infosys, Taparia said, “Buy 1 lot of 770 Call and sell 1 lot of 790 Call. In the entire strategy one has to pay the premium of 9 points. Keep the spread stop loss of 4 points and keep the spread target of 18 points. So almost 1:8 risk reward ratio. We are expecting Infosys to move towards Rs 785-792.”
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