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Last Updated : Aug 17, 2017 11:58 AM IST | Source: CNBC-TV18

Hindustan Zinc, JSW Steel, Hindalco should see upside momentum: Mitessh Thakkar

Mitessh Thakkar of is of the view that metal stocks like Hindustan Zinc, JSW Steel and Hindalco Industries should see upside momentum.

Mitessh Thakkar of told CNBC-TV18, "The entire metal pack is looking positively biased. I did consider Hindustan Zinc as one of the trading calls in the morning. My sense is that Hindustan Zinc looks very good, JSW Steel looks very good and Hindalco Industries also looks very good. So I think these three stocks should clearly continue to have some momentum on the upside. I have not tracked Vedanta since last couple of days, but these three stocks clearly are showing a positive bias on the short term charts."

"We have been tracking ICICI Prudential Life Insurance and the stock appears to have gone through a correction and now is settling down. I would still look at levels of around Rs 448-449 as a trend. In case you start getting past that, this rally could get stronger. However, it looks like Rs 448 to about Rs 410 could be the range," he added.

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First Published on Aug 17, 2017 11:54 am
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