The latest analysis and commentary by stock market guru Mitessh Thakkar on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about HCL Technologies, Ultratech Cement, Hindalco, Indian Bank, Indiabulls Housing, Manappuram Finance, Titan, Marico, Bosch, Tata Global Beverages.
"Slightly more negative bias. I have sell on Ultratech Cement which is a sell with a stop at Rs 3,525 and look for targets close to about Rs 3,300. Sell on Hindalco, it has got results today but the indicator setup has turned slightly negative. So, sell with a stop at Rs 204.25 and look for targets close to about Rs 190. Sell Indian Bank which has broken important support around the Rs 213 mark. So keep a stop just above that. Rs 214 is what I suggest and look for Rs 190-191 as your target. My solitary buy call is on HCL Technologies. That is a buy with a stop at Rs 1,067 for targets of around Rs 1,100," he said.
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