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May 11, 2017 11:53 AM IST | Source: CNBC-TV18

Buy Apollo Tyres, Exide, JSW Steel, Axis Bank; sell Tata Power: Mitessh Thakkar

Mitessh Thakkar of is of the view that one can buy Apollo Tyres, Exide Industries, JSW Steel and Axis Bank and sell Tata Power.

Mitessh Thakkar of told CNBC-TV18, "I have a buy on Apollo Tyres which is trading at good support levels. Keep your stop loss below Rs 228.50 and look for target of Rs 240 to begin with."

"Exide Industries is a buy as well with a stop loss at Rs 241.50 and I would look for target close to about Rs 260 there. Also buy on JSW Steel where we have seen some good intraday charts. So, buy with a stop loss at Rs 193 and look for a target of Rs 207," he said.

"The final buy call is on Axis Bank with a stop loss at Rs 518 and look for target of around Rs 545."

"I have one sell call on Tata Power which has given some kind of a breakdown. So, I would sell it with a stop loss just above Rs 83.50 and look for Rs 77 as the first target."
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