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 Lupin, Indraprastha Gas Ltd (IGL), Wipro and Glenmark Pharma, Castrol India, ICICI Prudential.
"I have two buy calls Castrol India is a buy with a stop of Rs 162 look for target of around Rs 175 and ICIC Pru is also on the buy list try to buy it around Rs 348-349 keep a stop at Rs 343 look for targets of Rs 360."
“Lupin is a buy after a long time the indicator set up has improved so keep a tight stop at Rs 850 look for a target of Rs 885. I also have buy on Wipro which has made a fresh closing high that is a buy with a stop at Rs 338 look for targets of around Rs 364. My third buy call is in Indraprastha Gas (IGL) the indicator set up is again very positive so keep a stop at Rs 275 look for targets of Rs 290. Solitary sell call is on Glenmark Pharma where the candlestick pattern on Friday was quite negative so will take a short with a stop just above Rs 650 for a marginal decline to about levels of Rs 620."
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