Thacker bullish on Gujarat NRE Coke, Sesa Goa

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Thacker bullish on Gujarat NRE Coke, Sesa Goa

Mitesh Thacker, Technical Analyst of miteshthacker.com is bullish on Gujarat NRE Coke, Sesa Goa.

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Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See previous views by Mitesh Thacker See what other Experts & Brokerages are saying about Guj NRE Coke See messages about Guj NRE Coke Guj NRE Coke BSE | NSE 10/02/12 Are Mutual Funds betting on Guj NRE Coke? Other Stocks in this news Sesa Goa |

Mitesh Thacker, Technical Analyst of miteshthacker.com is bullish on Gujarat NRE Coke , Sesa Goa .

Thacker told CNBC-TV18, "We have been bullish on Gujarat NRE Coke and Sesa Goa. Gujarat NRE Coke looking at a target of around Rs 90-94. The stock price has kind of reached levels of around Rs 90 and is now consolidating over there so I think overall we maintain a positive outlook. Around Rs 94-95 you will see strong supply coming to Gujarat NRE Coke."

He further added, "Sesa Goa on the other hand still remains a very good buy. We have seen the stock making new highs and some kind of profit booking did come in for the last couple of days. I think the overall the picture looks very strong. Rs 490-500 could be tested over the next 2 weeks and I will not be surprised by that."