NIFTY 50

Rajat Bose on January 24: Buy M&M & ICICI Bank

Updated : January 24, 2019 01:46 PM IST

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 Mahindra and Mahindra (M&M), ICICI Bank, Ajmera Realty and Infra India, United Breweries Ltd (UBL) and Tata Elxsi.

“I am betting on some short covering to take place in M&M and ICICI Bank. ICICI Bank – I would rather buy with a stop below Rs 360. Rs 369 and Rs 372 would be the targets for me and M&M I would like to buy with a stop below Rs 685.90. Rs 699 and Rs 704 are the targets,” he said.

“Ajmera Realty I would be buying with a stop below Rs 176.90 and Rs 187 and Rs 191 – Rs 191-192 happens to be the 200-day moving average (DMA) zone. That is my second target for the day. UBL January futures I would buy with a stop below Rs 1,445. Rs 1,477-1,485 are the two targets for UBL. Tata Elxsi is a sell with a stop above Rs 948. Rs 931 and Rs 928.10 are the two targets for Tata Elxsi in today’s session,” he added.

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.
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