The latest analysis and commentary by stock market guru Rajat Bose of rajatkbose.com on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about Maruti Suzuki India, Page Industries, LIC Housing, Coal India, IndusInd Bank.
Stock specific, Bose said, “There are two PSU stocks that I am choosing to buy for intraday. One is LIC Housing. It is showing signs of getting some traction after last two days of trading. I would put a stop loss below Rs 536.75, Rs 553 and Rs 557 are the two targets. Coal India is another stock. Rs 256.45 is my stop loss and target would be Rs 263.”
“I would like to sell two counters, one is Maruti June futures. I would put a stop loss above Rs 6,710. Rs 6,462 and Rs 6,434 would be the targets and I would sell Page Industries with a stop above Rs 19,955. My targets would be Rs 19,525 and Rs 19,305. This is a positional call unless this counter closes above Rs 19,955, the shorts would be carried and the charts are also not suggesting that anything great is likely to happen out here even though there could be some short covering as we saw in the morning. Page is a continued sell,” he said.
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First Published: Jun 18, 2019 10:16 AM IST
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