The latest analysis and commentary by stock market guru Rahul Shah of Motilal Oswal on what is moving the markets today.
He also spoke at length on Indiabulls Housing Finance, Kotak Mahindra Bank, Larsen & Toubro (L&T).
“I have wo short ideas and one long idea. One is Indiabulls Housing hitting a new 52 week low today so the pressure still continues in this stock and entire sector we have seen negative enough for some time. Fresh shorts have been build up in a stock so it can still go to Rs 540 odd levels from current levels. Keep a stop loss of Rs 600. Second from a largecap play we have seen Larsen & Toubro (L&T) being sliding off slowly and steadily. It is in the last few session and technically Rs 1,260 was a major level which has broken today’s session. One can go short on L&T with a stop loss of Rs 1,258 and target of Rs 1,210.”
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