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HomeNewsBusinessBuy CESC, Balrampur Chini, Nestle India; sell Amara Raja Batteries, NHPC: Mitessh Thakkar

Buy CESC, Balrampur Chini, Nestle India; sell Amara Raja Batteries, NHPC: Mitessh Thakkar

Mitessh Thakkar of mitesshthakkar.com recommends buying CESC, Balrampur Chini and Nestle India and advises selling Amara Raja Batteries and NHPC.

August 29, 2017 / 10:37 IST

Mitessh Thakkar of mitesshthakkar.com told CNBC-TV18, "In Balrampur Chini, Rs 168 would be the stop loss and Rs 185 would be the target which I would look for. CESC has given a fresh swing breakout, so I would buy it around Rs 1,010, keep a stop loss at Rs 977 and look for a slightly positional target of Rs 1,080 to begin with."

"Nestle India was buzzing, a strong pricing volume action is there, that is a buy in the range of about Rs 7,050 to about Rs 7,000, keep a stop loss at Rs 6,880 and look for targets of around Rs 7,400 in the next few days."

"Two sell calls, Amara Raja Batteries is clearly a sell trade with a stop loss at Rs 789 for target of Rs 740. NHPC is something which has been showing continuation signals on the downside. So, sell with a stop loss at Rs 30 for targets of around Rs 27.50," he added.

first published: Aug 29, 2017 10:32 am

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