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HomeNewsBusinessSell Bajaj Auto, Dabur, Granules India, PVR; buy Voltas: Mitessh Thakkar

Sell Bajaj Auto, Dabur, Granules India, PVR; buy Voltas: Mitessh Thakkar

Mitessh Thakkar of mitesshthakkar.com suggests selling Bajaj Auto, Dabur India, Granules India and PVR while he advises buying Voltas.

May 25, 2017 / 10:23 IST

Mitessh Thakkar of mitesshthakkar.com told CNBC-TV18, "I have a mixture of buy and sell calls. The first one is a buy on Bajaj Auto which like the index has come to very strong support zone of Rs 2,750. So, keep a stop loss below Rs 2,740, give it 0.5 percent and buy for a bounce back to about levels of Rs 2,815-2,820 on the upside."

"I also have a sell on Dabur India which has broken key support zones of Rs 271 to Rs 274. So, keep a stop loss just above Rs 274 and look for a target of around Rs 256," he said.

"A similar setup is happening on Granules India which has broken the range of Rs 138-140 to about Rs 155 on the downside. So on a bounce back try to sell around Rs 136-137 and keep a stop loss at about Rs 141, look for target of Rs 125."

"Buy Voltas and you could not have missed the stock yesterday. I think after the numbers the stock was buzzing. Strong price and volume breakout, buy with a stop loss at Rs 437.50 for target of Rs 465."

"A sell on PVR with a stop loss at Rs 1,495 and look for target of around Rs 1,400," he added.

first published: May 25, 2017 10:14 am

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