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 Axis Bank, L&T Finance, Bajaj Finserv, Power Grid, Dr Reddys, Arvind, Just Dial, and CG Power.
Speaking about the individual stock ideas, Thakkar said, “I have three buys and the buying side comprises of all financials. Axis Bank is a conditional buy. It needs to break above Rs 630-631; buy on that breakout, keep a stop at Rs 622 and look for targets of Rs 655. L&T Finance is a buy. Keep a stop at Rs 133 and look for targets of Rs 145. Bajaj Finserv is a buy with a stop of Rs 5,750. I would recommend taking long positions for targets of Rs 6,100.”
“I have a solitary sell call in Power Grid. Some kind of negative pattern has broken down. So, sell with a stop at Rs 186 for targets of around Rs 175 levels,” he added.
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