Shares in Cochin Shipyard closed below the threshold Raja Venkatraman assigned to an Oct. 22 sell setup, leaving a gap between the recommendation’s reference quote and the stock’s Oct. 21 market close.
Mint reported in a signed column that Venkatraman, co-founder of NeoTrader, itemized two setups for India’s Oct. 22 session. Castrol India Limited (NSE: CASTROLIND) had an entry above ₹198, with a ₹188 stop and ₹211 target. For Cochin Shipyard Limited (NSE: COCHINSHIP), he set a threshold below ₹1,175, with a ₹1,225 stop and ₹1,075 target. The column described both as trades lasting several days, with targets on a two-month view.
The Cochin Shipyard price in the column was ₹1,177.80. Business Standard market data put the Oct. 21 close at ₹1,167.10, down ₹59.40, or 4.84%. At that close, the shares were already below Venkatraman’s stated threshold. The column offers no explanation for the price gap.
Castrol India’s listed reference price, ₹196.19, matched its Oct. 21 close in Business Standard data. The shares fell ₹0.60, or 0.30%, that session. In Mint’s account, Venkatraman cited chart signals, support around Ichimoku lines, the relative strength index and rising crude prices in discussing Castrol. For Cochin Shipyard, he pointed to selling pressure and a negative long-body candle in the prior session. Those were the analyst’s assessments.
Moneycontrol reported that the Nifty 50 fell 77.60 points, or 0.34%, to 22,811.35 on Oct. 21, while the Sensex lost 143.21 points, or 0.19%, to 73,709.69. At 6:30 a.m. ET (10:30 UTC), corresponding to 4 p.m. IST, National Stock Exchange of India data showed 2,988 declining stocks, 608 advancing stocks and 362 at 52-week lows.
Mint’s headline and trade section present two picks, but an introductory line refers to three; only two setups are itemized. The column also identified 22,900 as the Nifty’s Max Pain point and flagged whether the index held that level during Oct. 22 trading. The recommendations followed another set of Venkatraman calls the previous day; EconoTimes’ earlier coverage examined conflicting bank trade levels in that column.
