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Buy Hindustan Unilever, Bata, Godrej Consumer; sell Cummins, Dish TV: Mitessh Thakkar

Mitessh Thakkar of is of the view that one can buy Hindustan Unilever, Bata India and Godrej Consumer and can sell Cummins India and Dish TV.

October 10, 2017 / 11:32 AM IST

Mitessh Thakkar of told CNBC-TV18, "Bata India has shown a steady breakout and we have seen swing highs over there. So that is a buy with a stop loss at Rs 744, look for targets close to about Rs 795. Godrej Consumer had a very good intraday set up yesterday. So I would buy that. Keep a stop loss at about Rs 956, look for Rs 1,035 kind of a target."

"For Hindustan Unilever (HUL) the intraday charts have at least reversed on the short-term, so that is a buy. I will keep a very tight stop loss at Rs 1,208 and look for a mild target to about Rs 1,245-1,250 on the upside," he added.

"Two sell calls – Cummins India has clearly a negative chart. So, sell with a stop loss of Rs 922, look for declines to about Rs 875 levels. Dish TV is a conditional sell, I would want to see the stock price break below Rs 70.50 levels, then short with a stop loss at Rs 72.10 and look for declines to about Rs 67 kind of target," he added.

"I think if Infosys was to sustain beyond levels of Rs 930, maybe the trading top could continue and we could see levels of Rs 960-965. So above Rs 930, I would buy this one with a stop loss of Rs 915 and look for Rs 960-965 kind of target."

"Jindal Steel & Power has done extremely well in the last few weeks and it is clearly showing signs of uptrend which could extend for a few more weeks to come by. Sustaining above these levels of Rs 150-153 is the key and it has done that. I would look at targets of around Rs 175 which is 12 percent higher."


"IDFC twins at least on the short-term charts gave a very strong signal yesterday, so both these stocks should be doing very well in the days to come by, so that should be clearly on the traders’ radar,"  he said.

"L&T Finance Holdings is looking very good on the intraday set up."

"NCC is a buy, keep a stop loss at Rs 86.50, look for Rs 95 kind of a target. Lupin is a buy with a stop loss at Rs 1,040 for target of Rs 1,110."
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