Moneycontrol
Feb 17, 2017 09:47 AM IST | Source: CNBC-TV18

Buy Axis Bank, Cairn India, Vedanta: Mitessh Thakkar

Mitessh Thakkar of miteshthacker.com is of the view that one may buy Cairn India, Vedanta and Axis Bank.

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "I have all buy calls and look for stocks which are making fresh highs when the market is still consolidating and they are the ones which are relatively outperforming. I would buy Bajaj Finance with a stoploss at Rs 1,074 look for target of Rs 1,135."

He further added, "Cairn India managed to get passed the earlier highs of Rs 283-285. That is a buy with a stoploss below Rs 282.50. Look for target of Rs 298. The other stock which was clearly buzzing, made a fresh high was TVS Motor, I would buy with a stoploss of Rs 412 and look for target of Rs 444."

"I also have a buy on Vedanta with a stoploss at Rs 257 for target of Rs 275."

"Axis Bank is now showing signs of some kind of a trend which could be stronger than what we have seen in the recent times. So, it is a buy as well, keep a stoploss at Rs 484 and look for target of Rs 514 which also is the 200-day average," he added.

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