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 Ajanta Pharma, Cummins, United Spirits and NIIT Technologies, Larsen & Toubro (L&T), Reliance Capital, Sun TV, Cipla, Lemon Tree.
Recommending specific stocks, Thakkar said, “I have two stocks on the long side. Sun TV after a long time from an extremely oversold levels is trying to reverse. Buy with a stop at Rs 589 for targets of Rs 620. Cipla is in a similar position. In fact the pharmaceutical pack is enjoying some momentum. So Cipla is a buy with a very tight stop at Rs 515 for targets of Rs 534.”
“I have all four buy calls Ajanta Pharma is a buy with a stop at Rs 1,158 for targets of around Rs 1,220. Cummins India the intraday charts are quite positive that is a buy with a stop at Rs 828 look for targets of around Rs 865. Similar set up is happening on charts of United Spirits which I would recommend buying with a stop at Rs 622 for targets closed to about Rs 650. NIIT Technologies is a buy with a stop of Rs 1,132 look for target of Rs 1,185.”
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