The latest analysis and commentary by stock market guru Krish Subramanyam of Altamount Capital on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about Larsen and Toubro, and Maruti Suzuki.
Speaking about individual stocks, Subramanyam said, “Recommending buying of 1,440 strike Call of Larsen and Toubro (L&T). This has been one stock which has actually led the market on the up and we have seen some decent correction. So, odds are high that we could see some recovery. So the 1,440 strike quotes at around Rs 15-16, keeping a target of Rs 28 and also recommend a stop loss of Rs 10. The last one is a covered Put in Maruti Suzuki. The auto space has seen some severe correction. So, keeping the downtrend in mind, recommending selling of futures of Maruti and also correspondingly sell a 7,000 strike Put at around Rs 105. Keeping a target of around Rs 7,050 but also recommending a stop loss of Rs 7,400.”Disclaimer:
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