The latest analysis and commentary by stock market guru Yogesh Mehta of Motilal Oswal Securities on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about ICICI Bank, Tata Steel, Havells, and Bharat Electronics.
Speaking about individual stocks, Mehta said, “ICICI Bank looks good. Currently it is quoting at around Rs 361, keeping a stop loss of Rs 353 in the future segment, target could be in the range of Rs 378-380 levels. The other one is Tata Steel. Stock has hammered down from Rs 700 levels to Rs 440 recently oversold zone and now it has come back. Rs 474-475 is the current price. Keeping a stop loss of Rs 460 target could be in the range of Rs 490. Havells, Rs 736 is the current price. Very strong setup on the charts. Current price is Rs 736, target could be in the range of Rs 760 keeping a stop loss of Rs 720. Bharat Electronics (BEL) is a short candidate. Currently it is quoting at Rs 80.50, target could be in the range of Rs 74-75 level keeping a stop loss of Rs 83.”Disclaimer:
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