The latest analysis and commentary by stock market guru Manoj Murlidharan of Religare Securities on what is moving the markets today. Check out his top stock recommendations.

He shared his rationale for buying ITC around Rs 278 levels.

“The 40-odd points in ITC is good level to enter and exit because Rs 280-320 is the range it spent maximum time and we are seeing the weighted average for buying is somewhere close to Rs 278. So buy at those levels, keep a stop loss of 6 points as downside and we are expecting a bounce at least to Rs 290-294, where again it can be a trading bounce and you can book your profits there,” he said.

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