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Buy Ujjivan Financial Services, Indian Oil Corporation: Mitessh Thakkar

Mitessh Thakkar of miteshthacker.com suggests buying Ujjivan Financial Services and Indian Oil Corporation.

August 30, 2017 / 11:05 IST

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "Ujjivan Financial Services, with that kind of gap up should see fall out, if not today but in the next 1-2 days, so I quite positive there. Buy with a stop loss at levels of about Rs 334 and look for Rs 356-358 as the first target."

"NMDC is something which I like. The stock has opened up nicely today. It needs to get past the 200-day average which is at about Rs 127.50. So I would buy it once it crosses Rs 128, keep a stop loss below Rs 124.50 and look for a target of Rs 136."

"I like the oil marketing company (OMC) pack. The two stocks which are showing good traction on the intraday charts, one of them is Indian Oil Corporation. There, some kind of rally has begun today and keeping today's lowest as stop loss, I would play for targets close to about Rs 475."

"Between Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL), HPCL is marginally strong on chart. So again, keeping a stop loss just below today's low at about Rs 467, I would look for targets close to about Rs 495 to about Rs 500," he added.

first published: Aug 30, 2017 11:04 am

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