The latest analysis and commentary by stock market guru Kiran Jadhav on what is moving the markets today.
He also spoke at length on IndusInd Bank, Sun Pharmaceutical, ICICI Prudential, and Kanoria Chemicals & Industries.
Talking about stock picks Kiran Jadhav said, “My first short call would be IndusInd Bank. It is negotiating its important support of Rs 1,550 once it breakdown I believe the intensity of the sell will increase. My stop loss will be Rs 1,565, my first target would be Rs 1,540 second target for today would be Rs 1,533. The second trade is Sun Pharmaceutical which is a long. Here I have a buy, stop loss is Rs 445 target is Rs 456. The next call is ICICI Prudential where for the last few days it has been showing tremendous momentum. I believe that this momentum should continue for some time more a day or two. If we buy a position right now stop loss will be Rs 352 target would be Rs 363.”Disclaimer
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