The latest analysis and commentary by stock market guru Mitessh Thakkar of mitesshthakkar.com on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about Interglobe Aviation (IndiGo), City Union Bank (CUB), Intellect Design Arena, Either Motors, Larsen and Toubro (L&T), HDFC Bank, Jubilant Foodworks, Titan, Hindustan Unilever (HUL), Bajaj Finance.
“Indigo is one of my picks. The intraday charts are good, there is some correction happening in the crude oil prices that should be sentimentally positive. This is a buy with a stop at Rs 1,525, Rs 1,570-1,575 being the target range. I also have a buy on couple of cash names, CUB that is a continuation pattern on the upside, so buy with a stop at Rs 210, look for targets of Rs 224 and Intellect Design is a buy with a stop of Rs 234 and Rs 250 would be my first target. I have one sell – that is Eicher Motors. I would want to sell it on a marginal rally, a percent higher. So Rs 20,500-20,550 being a selling range, sell with a stop at Rs 20,850 and look for declines to about Rs 19,800 levels,” he said.
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