Moneycontrol
Jan 04, 2017 09:20 AM IST | Source: CNBC-TV18

Buy Snowman Logistics, BEL, Jain Irrigation: Mitesh Thacker

According to Mitesh Thacker of miteshthacker.com, one may buy Snowman Logistics, Bharat Electronics, Jain Irrigation Systems, Sharda Cropchem and DB Corp.

Mitesh Thacker of miteshthacker.com told CNBC-TV18, "I have all buy calls but most of them are from the midcap side. Snowman Logistics had a very strong price and volume action yesterday. I would recommend a buy with a stop loss at Rs 52.50 for targets of around Rs 60."

"Bharat Electronics (BEL) appears to have completed a pullback and getting into a buy mode again. Buy this one with a stop loss below Rs 1,400 and look for targets of Rs 1,470," he said.

"Also, a buy on Jain Irrigation Systems with a stop loss below Rs 88 and I would look for targets close to about Rs 98-99 on the upside. Sharda Cropchem had a good swing break out. That is a buy with a stop loss at Rs 460 for targets of Rs 525."

"DB Corp is a buy as well. Keep stop loss below Rs 360 and look for targets close to about Rs 395."

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