The latest analysis and commentary by stock market guru Rajat Bose on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about Cadila Healthcare, Colgate Palmolive (India), Godrej Consumer Products, State Bank of India (SBI), Avanti Feed, EIH Associated Hotels, Indusind Bank, and Maruti Suzuki.
“I have chosen two buy calls, but both the stocks have advanced. Indusind Bank, I will put a stop loss just below Rs 1,600 and Rs 1,643 and Rs 1,658 would be my target. Maruti Suzuki has advanced by 50 points still the first target remains Rs 7,690 and if it crosses that Rs 7,723 but now the stop loss should be advanced to Rs 7,575.”
"I have chosen to midcaps stocks for today. In that Avanti Feed, I am now revising the target upwards. Rs 382 and Rs 385 are the two targets for Avanti Feed, Rs 367 is the stop loss. This is a buy. I am selling EIH Associated Hotels, stop above Rs 204.80 above today’s high and targets will be Rs 197 and Rs 193.”
“One pharma stock, two consumer stocks and one banking stock and all are buys. Cadila looks like it can still move up. Rs 356.90 is my target and Rs 350.80 is my stop loss. Colgate Palmolive yesterday had a good run. I am expecting it to test Rs 1,300 levels, Rs 1,299 and Rs 1,308 are the two targets and Rs 1,259.90 is my stop loss. Godrej Consumer is also looking pretty good. Rs 786 is the initial target for Godrej Consumer. Once that key number of Rs 786 is taken out, Rs 801 would be the next target and I would put a stop loss below Rs 763. Finally SBI – although, I have kept a target of Rs 291 and Rs 289, I have a feeling that it can even breach Rs 291 in today’s session, put a stop loss below Rs 283 and go long. Long position should continue until the index and the key stocks signal that there is a reversal or profit taking,” he said.
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