The latest analysis and commentary by stock market guru Manoj Murlidharan of Religare Securities on what is moving the markets today.
He also spoke at length on Tata Consultancy Services (TCS) and ITC.
Talking about F&O stock recommendation Manoj Murlidharan said, “I like Tata Consultancy Services (TCS), there is a good build up seen, I guess yesterday also if you see 18-29 percent odd and Rs 2,100 happens to be a very good weighted average price and the distribution might be closer to Rs 2,240. But for intraday or maybe at least for short-term we believe Rs 2,170-2,180 should be the target. Buy TCS at this level with a stop loss of Rs 2,075. We couple that with ITC as well. A shorter trade would be to buy it at Rs 290 with a stop loss at Rs 278 and we are expecting a target close to Rs 312 on that.”Disclaimer
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