The latest analysis and commentary by stock market guru Mitessh Thakkar on what is moving the markets today.
He shared his views and readings on Bharat Heavy Electricals (BHEL), CESC, Jindal Steel & Power (JSPL) and Reliance Capital.
“I have three sell and a buy, clearly the negative bias suggest that I should be looking at more of shorting opportunities. The solitary buy is on BHEL, there was good price and volume action on Monday. That is a buy with a stop below Rs 69.90 look for targets close to about Rs 75. CESC sell with a stop at Rs 680 targets of Rs 650. Jindal Steel and Power (JSPL) the intraday charts are negative so I would recommend selling with a stop at Rs 163.50 look for targets of Rs 151 and Reliance Capital sell with a stop at Rs 221 look for targets close to about Rs 204.”
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