The latest analysis and commentary by stock market guru Mitessh Thakkar of mitesshthakkar.com on what is moving the markets today.

According to Mitessh, 10,400-10,430 is the target on the Nifty. He says that if get past that, he would look at extension on the upside. He said, “The way I will approach is, that possibly take profits if you get closer to about 10,430 and if towards the noon time if we start getting past those levels then you go long on the indices and then I would look at a target around 10,550-10,600.”

Check out his top stock recommendations.

CESC is a buy with a stop at Rs 1,001 and look for target close to about Rs 1,050.

IGL has seen some continuation gap, so, buy with a stop at Rs 297.50 and look for Rs 315 as the target.

Marico if starts getting past Rs 330-331, it could pick up good momentum. So, buy above Rs 331.50, keep a stop at Rs 325 and look for Rs 345 as first target.

Tata Elxsi is a buy which has broken out of a contraction pattern, keep a stop at Rs 1,020 and look for targets of Rs 1,100.

Sell Strides Shasun below Rs 648, keep a stop at Rs 660 and look for declines to about Rs 620.

First Published:Apr 10, 2018 9:54 AM IST