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Buy BEL, Grasim Industries, MRPL; sell LIC Housing Finance: Mitessh Thakkar

Mitessh Thakkar of miteshthacker.com is of the view that one can buy Bharat Electronics, Grasim Industries and Mangalore Refinery and Petrochemicals and can sell LIC Housing Finance.

October 31, 2017 / 15:51 IST

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "Bharat Electronics is a buy with a stop loss of Rs 178 for target of Rs 195."

"Buy Grasim Industries with a stop loss of Rs 1205 for target of Rs 1270."

"Mangalore Refinery and Petrochemicals is also a buy with a stop loss of Rs 139 for target of Rs 151,"  he said.

"Sell LIC Housing Finance with a stop loss of Rs 606 for target of Rs 588," he added.

"I have been quite bullish on Just Dial for the last few weeks and now is the time the momentum is catching up. I think Rs 490 should be the first target though I suspect this could be even bigger than that and I think the stock could head towards Rs 540 kind of levels."

"So it is a medium-term uptrend which has been triggered and which should see this stock possibly make higher highs and higher lows for the next 7-8 weeks to come by. In that sense, Rs 490 should be a short-term target and Rs 540 could be a good positional target."

first published: Oct 31, 2017 03:28 pm

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