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Buy Tata Communications, CESC; positive on Tata Motors: Mitessh Thakkar

Mitessh Thakkar of miteshthacker.com suggests buying Tata Communications and CESC and has a positive view on Tata Motors.

October 06, 2017 / 11:32 AM IST

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "Indiabulls Housing Finance could be interesting. The stock is clearly showing very strong intraday set up."

"I am fairly positive on the charts of Tata Motors and may be after a gap down opening, if it starts moving up again, I would want to buy that. I have in fact a negative outlook on a Hero MotoCorp, it is showing some kind of a negative bias."

"Bajaj Auto has a very positive chart but that is from medium-term perspective. So once the Nifty settles down, this could possibly be one of the leaders for the next leg."

"NTPC is seeing a good follow up and while it is a low beta stock, the chart pattern is pretty positive. That apart, Aurobindo Pharma is also looking pretty good to me," he said.

"Tata Communications is a buy, keep a stop loss at Rs 699, look for target of Rs 735. CESC has moved up slightly, try to buy it around Rs 1,022-1,021 mark and keep a stop loss at Rs 1,004 and look for Rs 1,055-1,060 kind of a target," he added.
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