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 Tech Mahindra, Grasim Industries, Bharat Heavy Electricals Ltd (BHEL) and Gujarat State Fertilizers & Chemicals (GSFC).
“The buy is on Tech Mahindra, very positive set up of indicators there, buy with a stop of Rs 713.50 and look for Rs 737-740 kind of a target. On the sell side, I have Grasim, which is a sell with a stop at Rs 801 for targets of Rs 755. BHEL can be sold with a very tight stop of Rs 70.50, look for declines to about levels of Rs 66 and GSFC – the indicator set up is turning negative, so sell with a stop of Rs 109 for targets of Rs 100,” he said.
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