The latest analysis and commentary by stock market guru VK Sharma of HDFC Securities on what is moving the markets today.
He also spoke at length on ICICI Bank, JSW Steel, ITC, Reliance Industries.
“I am buying the 370 Call of ICICI Bank at Rs 6.3 stop loss at Rs 4 and target of around Rs 11. This is one particular stock in which there is the highest amount of confidence among the banking sector. JSW Steel, the steel in China is up by 0.5 percent and right now will do well because of the fact that technical and derivative all the positions are on the long side here. I am buying the 295 Call at around Rs 10 stop loss at Rs 7 and target around Rs 15.”
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