The latest analysis and commentary by stock market guru Rajat Bose of rajatkbose.com on what is moving the markets today.

He also spoke at length on Dr. Reddy's Laboratories, Tata Chemicals, United Spirits, Dr Reddys, PVR.

Stock specific, Bose said, "The buy calls that I have chosen is United Spirts. I would put a stop loss below Rs 552.90 in May futures, target Rs 556 and Rs 573. Disclosure has it that I hold shares of this company in my investment portfolio. Apart from that, two other stocks, Dr Reddys – this is a continuation call. I gave a buy call at a much lower level and still I am bullish on Dr Reddys. I would put a fresh stop loss of Rs 2,947 and Rs 2,964 and Rs 2,968 are the two targets for Dr Reddys on the upside. PVR May futures, you put a stop loss below Rs 1,739 and target would be Rs 1,785 and Rs 1,794."

“First stock that I have chosen is Tata Chemicals May Futures, I would put a stop loss to about Rs 577 and I would put a target of Rs 562. Regarding Dr. Reddy's Laboratories pattern was so good on the intraday chart at least last day and today’s chart that there should have been a very strong upmove but that has not happening. Still I would say that there could be a bounce back and I would put a stop loss below Rs 2,920 for May futures and my target would be Rs 2,948, Rs 2,958 and 2,965," he added.

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First Published:Apr 30, 2019 10:30 AM IST