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videos | IST

Rahul Shah on December 24: Buy ICICI Bank, Infosys & sell JSW Steel

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The latest analysis and commentary by stock market guru Rahul Shah on what is moving the markets today. Check out his top stock recommendations.

The latest analysis and commentary by stock market guru Rahul Shah on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about ICICI Bank, Infosys and JSW Steel.
“ICICI Bank for a long side, we have seen the stock done quite well in last few sessions so I still believe that technically unless it breaks Rs 351, it will enter in a negative mode so till that time, one should look at going long on ICICI Bank with a target of Rs 365. Second idea is long side on Infosys, in today’s trade we have seen some long positions build up, so my sense is one should go long on Infosys with a stop loss of Rs 646 and target of Rs 675. On the short side, we have seen the metal stocks sliding since last few sessions. It looks like it will continue to slide more. In that space, JSW Steel looks on a weaker side so I would advise to go short in JSW Steel with a stop loss of Rs 302 and a target of Rs 285,” he said.
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