Moneycontrol
Feb 15, 2017 11:50 AM IST | Source: CNBC-TV18

Buy Jindal Steel & Power, Castrol India: Mitessh Thakkar

Mitessh Thakkar of miteshthacker.com suggests buying Jindal Steel & Power and Castrol India.

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "I was working on the charts of Can Fin Homes. If you look at the price moment for the last six days, we have had decline in a pullback with the important moving averages and it has just managed to give a strong bounce back on the intraday charts. So, I think as long as the stock remains above levels of Rs 1,900 to about Rs 1,890, any decline should be used to buy into this one and it will easily cross recent highs of Rs 2050 and then we can look at target close to about Rs 2,200."

"I have a buy on Jindal Steel & Power. Try to buy it around Rs 91, keep a stop loss at about levels of Rs 88 and look for Rs 96-96.50 as the first target," he said.

"Castrol India is another stock which is showing a good intraday set up. So I would buy that one with a stop loss below Rs 412 and look for target close to about Rs 435."

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