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 Reliance Industries, Tata Consultancy Services (TCS), and ICICI Bank.
“Reliance Industries has moved up on Friday itself with a good delivery volumes. Today’s session also shows good open interest built up in Reliance. So we will go long on Reliance with a stop loss of Rs 1,210 and target of Rs 1,265. Second long idea is TCS has I said all largecaps are doing well so in IT spaces we have seen TCS post results have been laggard and after hitting a low of Rs 1,800 or so it has recovered smartly. So we believe that TCS could be a good buy from the current level. Buy TCS with a stop loss of Rs 1,902 and target of Rs 2,010.”
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