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 Larsen and Toubro (L&T), Bajaj Finserv, Bharat Forge and Bosch.
“I have three sell calls and one buy calls. Bajaj Finserv – intraday charts are breaking down, the stock has had a good run, Rs 8,225 should be your stop loss and Rs 7,850 or thereabout should be the target zone. I have a sell on Bharat Forge, it is making a fresh swing low. That is a sell with a stop just above Rs 450, look for targets close to about Rs 425 and my third sell is in Bosch which has also broken the earlier swing lows. So that is a sell with a stop at Rs 16,800 and Rs 16,000 should be the target. The solitary buy call is L&T, the stock has come down to good support levels and there a long could be attempted with a stop of Rs 1,485 or Rs 1,484 and look for a bounce back to about Rs 1,530-1,540 on the upside,” he said.
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