The latest analysis and commentary by stock market guru Kiran Jadhav on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about Engineers India, Bharti Infratel.
Recommending stock specific ideas, Jadhav said, “My first stock would be sell in Engineers India (EIL), stop loss would be Rs 109.50 and target Rs 103-102. We believe that we have got a strong negative divergence in this counter and at the same time strong open interest additions of around 13 percent are being seen. The volumes have been above the average for the last 10 days. So a lot of supply in this counter. The second counter is a buy in Bharti Infratel. Very big positive divergence, the market is going down but this stock is climbing up. So, we believe that there is a good amount of demand that we can see. Stop loss would be at Rs 312 which is pretty near to the current levels, target of Rs 326 to Rs 329 should be seen today. Even here the derivative data is pretty strong. We have seen an open interest of over 13 percent on this counter. So, demand is basically round the corner over here.”Disclaimer:
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