The latest analysis and commentary by stock market guru Mitessh Thakkar on what is moving the markets today.
He also spoke at length on Amara Raja Batteries, HCL Technologies, Page Industries, Shriram Transport Finance Company, Century Textile and Industries, Tata Elxsi.
Speaking about stock ideas Mitessh Thakkar said, "I have a buy on Century Textile with a stop at Rs 733 for targets of Rs 765 and Tata Elxsi is a buy with a stop of Rs 893 and here I would look for targets of Rs 926."
“Page Industries is a sell with a stop of Rs 21,000 target of Rs 19,500. Amara Raja Batteries is a sell, it is a very negative turn of the indicators which happened yesterday, keep the stop at Rs 740 look for targets of Rs 690. I have two buy calls, HCL Technologies is a buy. If you get any morning dip Rs 1,050-1,052 would be a good entry point. Keep a stop at Rs 1,033 look for Rs 1,080 as the first target. Shriram Transport Finance is also a buy. The intraday charts are turning positive here so keep a stop at Rs 1,034 look for targets of Rs 1,090.”
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