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 Mahindra and Mahindra (M&M), Mindtree, Torrent Pharmaceuticals, Reliance Capital and Reliance Industries Ltd (RIL), Bharti Airtel, ICICI Bank, Glenmark Pharmaceutical, Bharat Forge, V-Guard Industries.
“Yesterday also we had covered Mindtree, a good breakout taking place over there, getting past Rs 935 zone such as some more upside momentum, I would look at targets close to Rs 980 and recommend a buy with a stop below Rs 932. M&M some kind of upside continuation signals are there on the charts, so buy with a stop at Rs 677 and look at targets of Rs 705. Also, buy Torrent Pharma with a stop at Rs 1,819 for targets of Rs 1,885 and I have one sell, Reliance Capital gave a breakdown yesterday on the intraday charts and some sell signals, so keep a stop at Rs 177, look for targets of Rs 163. We have been positive on RIL and a good rally already happening there. Around Rs 1,320-1,325 would be an excellent entry point for this stock,” he said.
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