The latest analysis and commentary by stock market guru Mitessh Thakkar on what is moving the markets today. Check out his top stock recommendations.

He spoke at length about CESC, Larsen and Toubro (L&T), Tata Motors, Bajaj Corporation, BHEL, Century Textile, Mahindra and Mahindra, Raymond, Ashok Leyland, CESC, J Kumar Infraprojects.

Recommending specific stock ideas, Thakkar said, “Ashok Leyland is a sell with a stop at Rs 106.2 for targets of around Rs 100. CESC has given a pullback now close to important levels. So buy with a stop at Rs 696 and look for targets of Rs 730.”

“CESC had a good pricing volume breakout yesterday. So that is a buy with a stop at Rs 704 for targets of Rs 750. Larsen and Toubro (L&T) also made a fresh swing high, buy with a stop below Rs 1,430, look for targets close to about Rs 1,495. After long time, Tata Motors could possibly now give some kind of a stronger bounce back, the indicator set up is turning slightly positive. So buy with a stop of Rs 173, look for a first target of Rs 185. Bajaj Corporation is a buy with a stop at Rs 366 for targets of Rs 395,” he said.

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First Published:Dec 21, 2018 8:51 AM IST