HomeNewsBusinessBuy Eicher Motors, Indiabulls Real Estate, Vedanta, JBF Industries; sell Tata Comm: Mitessh Thakkar

Buy Eicher Motors, Indiabulls Real Estate, Vedanta, JBF Industries; sell Tata Comm: Mitessh Thakkar

Mitessh Thakkar of miteshthacker.com is of the view that one can buy Eicher Motors, Indiabulls Real Estate, Vedanta and JBF Industries and sell Tata Communications.

March 31, 2017 / 11:19 IST
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Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "I have more of buy calls because the stock specific basis still remains positive. I have a buy on Eicher Motors which managed to get past the earlier swing highs. Buy with a stop loss at Rs 25,320 and look for target of Rs 26,350 or thereabouts." 

"The second one is Indiabulls Real Estate. You couldn’t have missed the midcap realty stocks yesterday, I think there is very strong price and volume action across the board. Indiabulls Real Estate now can now be bought with a stop loss at Rs 84 for target of Rs 95," he said.

"The other two buys are in Vedanta which made a fresh swing high beyond the early highs of Rs 270-271. It is a buy with a stop loss below Rs 269.50 for target of Rs 285." 

"JBF Industries from the midcap pack looks good, a good price and volume action, buy with a stop loss at Rs 265 for target of Rs 290."

"I have a solitary sell call on Tata Communications, where I would sell with a stop loss at Rs 731.50 and look for target of around Rs 680."

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"I think Reliance Infra is showing a good pattern on the intraday charts. So, that is a buy with a stop loss at Rs 564 and look for targets of Rs 595 to about Rs 598."

"Jindal Steel & Power is a good buy at current level, keep a stop loss below Rs 120 and look for target of around Rs 129."

first published: Mar 31, 2017 09:20 am

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