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 ITC & Ambuja Cements.
Manoj Murlidharan’s F&O strategies are, “We like ITC I guess this stock is poised for a good rally till almost Rs 330 but then that sounds too optimistic at this point of time. We take it step by step, I guess the first level of Rs 297 is where we might see some distribution, so you buy at this level of Rs 275 and a stop loss of Rs 265. Sector wise cements are seeing good buying and now we are almost towards the expiry of this contract of February. We generally see stock specific action in terms of rollover and the VWAP concept. So Ambuja Cements top the list, I guess buying it close to Rs 198 with a stop loss of Rs 6 on the downside and we are expecting a target of Rs 214 on that.”Disclaimer
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