The latest analysis and commentary by stock market guru Rajat Bose on what is moving the markets today.
He also spoke at length on Divi's Laboratories, Raymond, VA Tech Wabag, PVR.
Recommending specific stocks ideas, Bose said, “VA Tech Wabag is looking very good over the last 5 sessions. The average volume has been tripled, the volume that has been there when it last reached close to about Rs 300 levels. Chances are you would see higher levels. Once it crosses Rs 295, it will gain more traction because that is a key resistance level. Initially the targets would have been Rs 297 and Rs 300, but I am revising the upward target to Rs 305. Put a stop loss below Rs 286 and targets Rs 300 and Rs 305 for Wabag. PVR January futures, Rs 1,655 and Rs 1,663 are the targets and Rs 1,625 is the stop loss.”
Speaking about stocks Rajat Bose said, “Divi's Laboratories is a buy with a stop loss of Rs 1,490 and the targets would be Rs 1,550 and Rs 1,565. This is showing a traction and sort of a mild breakout is there. Raymond January Futures, I would put a stop loss below Rs 804, Rs 822 and 827 are the two targets.”Disclaimer
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