The latest analysis and commentary by stock market guru Mitessh Thakkar on what is moving the markets today.
He also spoke at length on Capital First, Dr. Reddy’s Laboratories, Vedanta, Kotak Mahindra Bank, Tata Elxsi, Sun TV.
“Two stocks which I would recommend right now one would be a buy on Tata Elxsi with a stop at Rs 1,200 look for targets of around Rs 1,050 and Sun TV is a sell, there was some negative brokerage report as well. It is a sell with a stop at Rs 607 for targets of Rs 570.”
“Capital First which had a big breakout few days back has given a pullback, now it is closed to support areas. It is good time to take longs with a stop at Rs 516 look for a retest of Rs 540 that is the first target even Rs 550 can happen. Dr. Reddy’s Laboratories is something which I am positional bullish upon yesterday gave a continuation signal breakout on the upside that is a buy with a stop below Rs 2,610 for targets closed to about Rs 2,770.”
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