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 Balkrishna Industries, Dabur, Mahindra and Mahindra, Kotak Mahindra Bank, Oberoi Realty, DLF, Can Fin Homes, Bajaj Auto, Bosch, Motherson Sumi, BEML, RBL Bank.
Speaking about the individual stock ideas, Thakkar said, “Balkrishna Industries, very good continuation breakout on the intraday charts. Buy with a stop at Rs 839 and look for Rs 885 as the target. Buy Dabur with a stop at Rs 431 and target of Rs 445. Intraday charts are quite positive. Similar setup is happening on charts of Mahindra and Mahindra (M&M) where I would recommend buying with a stop at Rs 638 for target of Rs 662. I have one sell call on Kotak Mahindra Bank which had a gap breakdown. Obviously there was a news of bulk deal happening over there. However, the pattern could see some downside in near future. So sell with a stop at Rs 1,251 and look for targets of Rs 1,210.”Follow stock recommendations by Mitessh Thakkar here:
The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.