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 Adani Port, Dr Reddys, Lupin, Finloex Pipes, ITC, Yes Bank, Federal Bank, Axis Bank, ICICI Bank, Bharti Infratel, LIC Housing Finance, ICICI Prudential.
Speaking about individual stock ideas, Thakkar said, “I will add Adani Port to my list in the sense that it was a recommendation yesterday only and I continue to maintain my positive view. That apart, I have more of bias towards the pharmaceutical names. Dr Reddys despite having bad news the intraday charts ended up with strength. So, that is a buy with a stop at Rs 2,592 for targets close to about Rs 2,680. Lupin the candlestick pattern is quite positive. It should see more upward continuation. So that is a buy with a stop at Rs 851.50 for targets of Rs 890. Finolex Pipes are one of the midcaps which I would recommend. Good price and volume breakout. It is a buy with a stop at Rs 547 for targets of Rs 585. My final call is on ITC. I have been recommending this stock earlier as well, but there are clear cut more and more continuation signals occurring on the indicator setup. So, buy with a stop at Rs 288 and look for targets of Rs 308.”Follow stock recommendations by Mitessh Thakkar here:
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