The latest analysis and commentary by stock market guru Sandeep Wagle on what is moving the markets today.
He also spoke at length on Indraprastha Gas (IGL), Tata Elxsi, Coal India.
Stock specific, Wagle said,” I have a sell in Coal India. It is on the verge of a breakdown, in fact it has already given a breakdown which should continue over the next day or two. Sell it with a stop loss of Rs 243 for a target of Rs 228. Buy Indraprastha Gas (IGL). It has been showing strength from yesterday. The move is likely to continue. Stop loss of Rs 302 and target of Rs 312.”
"IT space is showing strength. Buy Tata Elxsi with a stop loss of Rs 999 target of Rs 1,032,” Wagle added.Disclaimer
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