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 Arvind, ICICI Bank, Indraprastha Gas Ltd (IGL), Apollo Hospitals Enterprises, Tata Steel, NMDC, DHFL, Zee Entertainment, Infosys, Lupin.
Speaking about specific stock recommendation, Thakkar said, “We have been advocating buying into Axis Bank and ICICI Bank and again today ICICI Bank can be picked up if it does not open with a big gap up. Maybe a Rs 2 gap would still be okay. Around Rs 365-368 would be good levels to buy. Buy with a stop at Rs 360 and look for Rs 378-380 as your first target. I have buy on Arvind which after a good decline has given some reversal on the intraday hourly charts. So, keep a very tight stop at Rs 89.50 and look for targets of Rs 95. A buy on Apollo Hospital with a stop at Rs 1,306 for target of Rs 1,345. Indraprastha Gas after a correction has again started moving on the upside. So buy with a stop at Rs 274.50 and look for a retest of recent highs of Rs 288.”
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