The latest analysis and commentary by stock market guru Rajat Bose of rajatkbose.com on what is moving the markets today.
He also spoke at length on Tata Chemicals, Cadila Healthcare, Pidilite.
Stock specific, Bose said, “Pidilite to me looks pretty good. Trade in Pidilite May futures, stop loss below Rs 1,156 and target should be Rs 1,183 and Rs 1,192.”
“I have one buy call and one sell call. Tata Chemicals May futures, it looks pretty good. There is a hammer line formation and chances are you will see Rs 620 but for the day my targets are Rs 605 and Rs 609.75. I will put a stop loss below Rs 584. Pharma stocks are pretty weak. Cadila Healthcare is also breaking down even further chances are it will test Rs 250-248 kind of levels these are actually the two targets Rs 258 and Rs 248 and I would put a stop loss above Rs 258.75. This is Cadila Healthcare May futures sell call.”Disclaimer
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