The latest analysis and commentary by stock market guru Chandan Taparia of Motilal Oswal Securities on what is moving the markets today.

He shared his views and readings on Marico, Escorts and Tata Steel

Talking about buy calls, he said, “We are recommending to buy with a stop loss of Rs 369 for a higher target towards Rs 396 and also go long on Escorts with a strict stop loss at Rs 709 for an upside target towards Rs 754.”

On sell call front, Taparia said, “In Tata Steel we are expecting a decline towards Rs 465-460. One can go short or go bear put spread by buying one lot of 480 put, selling one lot of 460 put. So in entire bear spread one has to pay premium of 7 points, keep the risk of 4 points and play with 1:2 risk reward ratio to play the downside move.”

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