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Jan 11, 2017, 11.51 AM | Source: CNBC-TV18

Buy Tata Motors, Zee Entertainment, Tata Sponge: Mitesh Thacker

Mitesh Thacker of miteshthacker.com suggests buying Tata Motors, Zee Entertainment and Tata Sponge.

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Buy Tata Motors, Zee Entertainment, Tata Sponge: Mitesh Thacker

Mitesh Thacker of miteshthacker.com suggests buying Tata Motors, Zee Entertainment and Tata Sponge.

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, miteshthacker.com |

Mitesh Thacker of miteshthacker.com told CNBC-TV18, " Tata Motors has been one of the recommendations, I have been advocating targets of around Rs 535-540. So, somebody who wants to buy afresh, could do so, keep a stop loss just below Rs 505."

" Zee Entertainment is showing signs of continuation. So keeping today's low as stop loss, that could be a good trading bet for targets of around Rs 485," he said.

"I am quite negative on Petronet LNG . It is not showing strength today as well. Good levels to go short here. Keep a stop loss at Rs 370, look for targets of Rs 350 or thereabouts."

"I am buying Zee, so around Rs 474 that can still be bought. Keep a stop loss at Rs 468 and look for Rs 486 as the target."

"Amongst the metal related names, I have got Tata Sponge from the midcap side, which has given a good break out. So, that is a buy with a stop loss below Rs 600 while Rs 660-665 could be good target."

"My sense is that if MRF  can get past Rs 54,000 - Rs 53,900 being the highest ever closing which the stock has done, then we are in for at least Rs 59,000-60,000 as the minimum. This is clearly a start of a fresh trend and I would want to see the stock close above Rs 54,000 today."
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Buy Tata Motors, Zee Entertainment, Tata Sponge: Mitesh Thacker

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