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HomeNewsBusinessBuy Bharat Financial, Eicher Motors; sell Fortis Health, MCX India: Mitessh Thakkar

Buy Bharat Financial, Eicher Motors; sell Fortis Health, MCX India: Mitessh Thakkar

Mitessh Thakkar of mitesshthakkar.com suggests buying Bharat Financial Inclusion, Eicher Motors and Apollo Hospitals and advises selling Fortis Healthcare and MCX India.

August 21, 2017 / 10:05 IST

Mitessh Thakkar of mitesshthakkar.com told CNBC-TV18, "I have a buy on Bharat Financial Inclusion. The stock saw a good breakout on Friday. It is a buy with a stop loss at Rs 855 for target of Rs 920."

"The other two buys are Eicher Motors where we have seen good intraday chart setup. So, I would buy with a stop loss just below Rs 31,000 for target of Rs 32,500."

"Apollo Hospitals is a contra buy. We had sell calls last week; I think now it is showing oversold levels and levels from where it can give a good bounce back. I would buy this one with a stop loss below Rs 1,049 for a first target of Rs 1,100," he said.

"Two sell calls, Fortis Healthcare has had some kind of a swing breakdown. So, sell with a stop loss at Rs 151 for target of Rs 134. MCX India has had a gap breakdown on Friday. So, this stock could see more downside. So, I would sell with a stop loss at Rs 1,052 for target of Rs 990," he added.

first published: Aug 21, 2017 10:05 am

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