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 Piramal Enterprises Ltd (PEL), ITC, HCL Technologies, Dabur India, Union Bank, Jet Airways, Jindal Steel and Power, JSW Steel, Oil India, Hindustan Unilever, Petronet LNG, NALCO, Steel Authority of India, Siemens, Aurobindo Pharma, Divis Laboratories.
“I have a buy on PEL, it is coming out of a consolidation on the upside. So buy with a stop at Rs 2,660, look for Rs 2,750 as the first target. ITC after a few days of pullback reversed in the end yesterday fresh intraday buy signals, keep a stop at Rs 295, look for targets of Rs 310. I also have a buy on HCL Technologies, it was a buy yesterday as well but even at current levels, comfortable taking a fresh long position, the upward signals continue, buy with a stop at Rs 1,065 for targets of Rs 1,120 and one sell call is on Dabur where the indicator set up is expanding negatively, I will go short with a stop at Rs 417 and look for targets of Rs 400,” he said.
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