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 Mindtree, United Spirits Ltd (USL), Advanced Enzyme Technologies, ACC, Advanced Enzyme, Axis Bank, L&T Finance.
“United Spirits is a conditional buy; buy it only above Rs 591. Put a stop loss below Rs 584, Rs 599 and Rs 607 would be the targets. The key level of Rs 591 is the 200 day exponential moving average for United Spirits and that is why I do not want to take a trade before rubicon i.e. Rs 591. Mindtree is a no-brainer. When I saw the stock yesterday, it looked a very good technical buy, but the now the news is there. Yet I would say put a stop below Rs 941, Rs 967 and Rs 974 are the two targets. I have a feeling that it may not really test Rs 981 and it would finish off its journey by Rs 975. Advanced Enzyme is another cash group stock that attracted a lot of buying and good volume. I would put a stop loss below Rs 177.50, targets would be Rs 185.50 and Rs 187. There is a cement stock that I would like to sell. ACC sell with a stop above Rs 1,555, targets are Rs 1,520 and Rs 1,505.”
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