The latest analysis and commentary by stock market guru Rajat Bose on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about Jindal Saw, JK Paper, United Breweries, and GNA Axles, Century Ply and Bharti Airtel.
Recommending specific stock ideas, Bose said, "I would sell Bharti Airtel with a stop above Rs 336.10, i am talking about the Bharti November futures and target would be Rs 321. Form the midcaps I would chose Century Ply as a buy and my stop loss would be Rs 166.90 and target would be Rs 173."
“My list includes on midcaps today because midcaps are firing on all cylinders. First is Jindal Saw; I would put a stop loss below Rs 82.90 and target would be Rs 90 and Rs 92. Paper stocks are also doing well. JK Paper, I would put a stop loss below Rs 168.80 on closing price basis and target would Rs 177 and Rs 180. United Breweries I would put a stop loss below Rs 1,318 and Rs 1,341 and Rs 1,348 are the two targets. Finally GNA Axles I will put a stop loss below Rs 395 on closing price basis. It is forming an inverse head and shoulder. For the moment the target is Rs 415 and Rs 421. Once the neckline at Rs 421 is breached, it would head for Rs 450-460 kind of levels.”
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First Published:Nov 22, 2018 10:21 AM IST