NIFTY 50

Rahul Shah on January 21: Buy Reliance Industries, Tata Consultancy Services (TCS) &ICICI Bank

Updated : January 21, 2019 12:20 PM IST

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.”

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV