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 SRF, Ultratech Cement, Dr Reddys Laboratories, Kaveri Seed Company (KSCL), Page Industries and Motherson Sumi.
“SRF is a buy with a stop at Rs 2,104 for targets of Rs 2,180 and Ultratech Cement is a sell with a stop just above Rs 3,700 for targets of around Rs 3,550,” he said.
“Buy DRL with a stop of Rs 2,640 for targets of Rs 2,725. Buy KSCL with a very stop loss of Rs 569, long positions can be taken, look for targets of Rs 595 here. Page Industries, also after showing a lot of oversold readings, it is giving some reversals on the intraday charts, so could bounce back to Rs 23,800 and buy with a stop just below Rs 23,000. One sell call is Motherson Sumi, sell with a stop at about Rs 159 for targets of Rs 146,” he added.
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