The latest analysis and commentary by stock market guru Rajat Bose of rajatkbose.com on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about PVR, Tata Elxsi, Tata Consultancy Services (TCS), and Granules India.
“Tata Consultancy Services (TCS) is a likely to outperform though it is consolidating into two days session and chances are that it would cross Rs 2,267 and once that level is taken out there is a possibility that it might scale up to Rs 2,300 and my target is Rs 2,310 and I would buy with a stop below Rs 2,240. I have a sell call on Granules India, I would put a stop loss above Rs 107.15 and target would be Rs 102.”
“The targets that I gave on PVR, both the targets are met so I would revise my targets and my revised target on the downside for June futures would be Rs 1,716 and if that gets taken out then Rs 1,700 would be the target and I would put a stop loss above Rs 1,752.50 instead of the original Rs 1,757.50. I would retain my stop loss of Tata Elxsi June future sell that is Rs 862 above, targets remain at Rs 845 and Rs 840 and I do not trust this rally. Towards the end of the week, I expect a lot of selling likely in the market,” he said.Disclaimer:
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