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Buy Voltas, M&M, Exide Industries, DCB bank, UPL: Mitessh Thakkar

Mitessh Thakkar of mitesshthakkar.com suggests buying Voltas, M&M, Exide Industries, DCB bank and UPL.

August 02, 2017 / 14:58 IST

Mitessh Thakkar of mitesshthakkar.com told CNBC-TV18, "DCB Bank has a good set up, buy with a stop loss at Rs 196, look for Rs 208-210 kind of a target. Exide Industries is something which had a good candlestick pattern and is likely to see some follow up. So I would buy with a stop loss at Rs 220, look for a Rs 232 kind of a target. UPL has made a fresh closing high, fresh swing high, it is a buy with a stop loss at Rs 876, look for target of Rs 935."

"I also have a buy on Voltas with similar set of UPL, that is a buy with a stop loss at Rs 515 for target of Rs 570. Mahindra & Mahindra (M&M) is a buy as well, where the indicators are turning quite positive. So buy with a stop loss at Rs 1,400 for targets close to Rs 1,490," he added.

"Bosch is getting past Rs 25,000 mark and signals are quite positive over there. So keeping a stop below Rs 24,600, traders can take up positions for targets close to about Rs 26,000 on the upside."

"I have two buy calls. The first one is a buy on Cummins India with a stop loss at Rs 970 and I would look for target of Rs 1,060. Something is happening in some of the power related stocks. NTPC and Reliance Infrastructure look quite positive and I have chosen NTPC. It is a buy with a stop loss at Rs 164 and look for a target of around Rs 175."

first published: Aug 2, 2017 10:15 am

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