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

He shared his views and readings on Max Financial, Tata Global Beverages, Tata Power, Lupin, Bajaj Finserv, Federal Bank, Bajaj Finance, Ceat, Bharat Forge, Reliance Industries, TVS Motors, Bajaj Auto, and Cipla.

“I have three sells to a buy. Max Financial is a sell. Indicator setup is done quite negative, some crossovers on the downside. That is a sell with a stop at Rs 416.5 for targets of Rs 393. Tata Global Beverages was an STBT even now if you get a 50 percent kind of a gap down; it would be a good short. Take a stop at Rs 203 and look for targets of Rs 193. Tata Power has broken earlier levels of Rs 65-66. So, keep a stop just above Rs 66 and look for downside target of Rs 61. My solitary buy call is on Lupin which I would want to buy on a marginal declines coming close to important medium term moving averages. So around Rs 845 try to buy with a stop below Rs 834 for targets of Rs 875-880 on the upside,” Thakkar said.

Follow stock recommendations by Mitessh Thakkar here:

https://www.cnbctv18.com/author/mitessh-mthakkar-111/

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First Published:May 8, 2019 9:09 AM IST