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Last Updated : Sep 19, 2017 12:41 PM IST | Source: CNBC-TV18

Buy Balkrishna Industries, Exide, Granules; sell Repco Home Finance: Mitessh Thakkar

Mitessh Thakkar of is of the view that one can buy Balkrishna Industries, Exide Industries, Granules India and Just Dial and sell Repco Home Finance.

Mitessh Thakkar of told CNBC-TV18, "Balkrishna Industries made a fresh high, buy with a stop loss at Rs 1,713, target of Rs 1,810. In Exide Industries after few days, a pullback has resumed its uptrend, that is a buy with a stop loss at Rs 219, target of Rs 235. Granules India had some kind of a breakout pattern yesterday, so I would be a buyer with a stop loss at Rs 130.50 for target of Rs 142."

"In Just Dial, looks like some kind of a medium-term reversal is happening and most of the indicators are now turning positive. So, buy around Rs 407-408 mark, keep a stop loss at Rs 399, look for a first target of Rs 425."

"The solitary sell is on Repco Home Finance which I would sell with a stop loss at Rs 666 for target of Rs 615," he added.


"Biocon could be interesting given the fact that it will open with some kind of gap and it has been trying to show signs of some bottoming out. It was doing the range of about Rs 350 to about Rs 330-325 and now breaking out. So it could be heading towards levels of around Rs 375, possibly even Rs 383 on the upside."

"GAIL India and Petronet LNG are making day’s high. Rs 430-435 could happen on GAIL and Petronet is resuming its uptrend, I am looking at targets of around Rs 260 there."

"Tata Motors is seeing some continuation, overall the stock can possibly head towards levels of Rs 430-435, which is where if there any long positions, it would be good levels to take profits."

"The two calls that I have on long side are GAIL India with a stop loss at Rs 409, I would buy this for target of Rs 430 and Tata Power Company as well, keep a stop loss below Rs 81 and look for Rs 88.50 as the target."

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First Published on Sep 19, 2017 09:28 am
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