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 Aurobindo Pharma, Indraprastha Gas, Petronet LNG, Reliance Industries, Tata Motors, Edelweiss, Ajanta Pharma, Tata Power, HCL Technologies, Grasim.

Speaking about individual stock ideas, Thakkar said, “First buy is Aurobindo Pharma. There is some positive news flow. The indicator setup has turned on the upside. I would be a buyer with a stop at Rs 809 and look for a first target of Rs 850, I suspect Rs 870 could also happen very soon. Indraprastha Gas (IGL) is a sell with a stop at Rs 263.50 for targets of Rs 248. Petronet LNG is a conditional sell. If it breaks Rs 411, take a short with a stop at Rs 216 for target of Rs 200. In the morning dip, Reliance Industries features in buying list. Anything around Rs 1,145-1,140 range would be a buying area with a stop at Rs 1,128 and the first target should be Rs 1,175.”

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First Published:Dec 5, 2018 10:01 AM IST