The latest analysis and commentary by stock market guru CA Rudramurthy BV, Research Head at Vachana Investments on what is moving the markets today. Check out his top stock recommendations.

He spoke at length about Kotak Mahindra Bank, State Bank of India, and Axis Bank.

Recommending stock specific ideas, Rudramurthy said, “All banks are weak. Even though HDFC Bank was supporting in morning, even HDFC Bank is not supporting now. Except people who are long in Bank Nifty, there is no support. So sell Kotak Mahindra Bank, target of Rs 1,150 on futures and stop loss of Rs 1,180. I am also selling State Bank of India in futures for the day. Target of Rs 280 with stop loss of Rs 287. Finally, a sell call on Axis Bank, target of Rs 610 with a stop loss of Rs 630 in futures.”

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