The latest analysis and commentary by stock market guru Yogesh Mehta of Motilal Oswal on what is moving the markets today.
He also spoke at length on Reliance Industries, UPL & Hindalco Industries.
Talking about his F&S strategies Yogesh Mehta said, “Reliance Industries is a buy, it has made an outside bar so that kind of shows that pullback can continue further and current price is around Rs 1,244 keeping a stop loss of Rs 1,214 target could be in the range of Rs 1,285-1,290. Other one is UPL, a strong follow up buying is there even in the correction of the market midcap. It is holding on to the higher level all time high. Current price is Rs 818 keeping a stop loss of Rs 799 target could be in the range of Rs 855. Sell Hindalco with stop loss of Rs 192 target of Rs 178.”
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