Moneycontrol PRO
HomeNewsBusinessBuy ICICI Bank, PTC India, Greaves Cotton, Kalpataru Power; sell Strides Shasun: Mitessh Thakkar

Buy ICICI Bank, PTC India, Greaves Cotton, Kalpataru Power; sell Strides Shasun: Mitessh Thakkar

Mitessh Thakkar of miteshthacker.com suggests buying ICICI Bank, PTC India, Greaves Cotton and Kalpataru Power and advises selling Strides Shasun.

March 30, 2017 / 09:38 IST

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "I do have ICICI Bank as a short-term trading recommendation. Some intraday charts yesterday were very positive. So buy this one with a stop loss at Rs 275, look for Rs 295 as the target. I have also been positive on PTC India for the last few days, so that is a buy with a stop loss below Rs 87.25 and Rs 95-95.50 thereabouts could be a short-term target."

"Solitary sell call is on Strides Shasun. That is a sell with a stop loss at Rs 1,140-1,141 and I would look for target close to about Rs 1,070," he said.

"I have buys on two midcap cash stocks, Greaves Cotton is a buy with a stop loss at Rs 164 for target of Rs 185 and Kalpataru Power which had a very big breakout with pricing volume action yesterday. That is a buy at current level or on any marginal dips of Rs 4-5, add there, keep a stop loss at Rs 290 and look for a slightly positional target of Rs 350."

first published: Mar 30, 2017 09:31 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347