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 Maruti Suzuki, Zee Entertainment, Titan, and Infosys.
“First trade is buy on Maruti Suzuki, the stock has been holding above its 50 day exponential moving average. We have seen Put writing and even call unwinding till all the strike of 8,000 is strike which indicates that momentum cannot be ruled out on higher side. It is also forming the higher lows from last 3-4 trading session. Recommending to buy with a stop loss of Rs 7,485 for an upside target towards Rs 7,845.
Second trade is Zee Entertainment, as per the price setup the stock can head towards Rs 515 kind of level and one can buy with a stop loss of Rs 483.”Disclaimer
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