The latest analysis and commentary by stock market guru Manoj Murlidharan of Religare Securities on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about HDFC Bank, ITC.
Speaking about individual stocks, Murlidharan said, “HDFC Bank we think it is time to short that or at least book profits. Rs 2,300 is where we recommend shorting that, stop loss should be at 28 points on the upside, Rs 2,328. It has got a good support at Rs 2,220, but we are expecting the first target to be Rs 2,248. We like ITC as well. That is one stock we see good buying which happens and post rollover into the April series. So, Rs 292-293 you should buy that. Rs 287 is the stop loss and we are expecting a target close to Rs 306 to Rs 312 on that. ”Disclaimer:
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