Moneycontrol PRO
HomeNewsBusinessSell Bajaj Finserv, BPCL, IndusInd Bank; buy Mindtree, Voltas: Mitessh Thakkar

Sell Bajaj Finserv, BPCL, IndusInd Bank; buy Mindtree, Voltas: Mitessh Thakkar

According to Mitessh Thakkar of mitesshthakkar.com, one can sell Bajaj Finserv, BPCL and IndusInd Bank and buy Mindtree and Voltas.

May 22, 2017 / 10:20 IST

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "I have more of sell ideas and couple of buy ideas. Bajaj Finserv is the first sell call. It has broken down a key pivot level. So, I would sell that with a stop loss at about Rs 4,280 and the preferred selling range would be around Rs 4,200 and look for target of around Rs 3,900."

"I have a sell on BPCL as well. It has broken down a bearish pattern, so, keep a stop loss at Rs 715 and look for target of Rs 675," he said.

"The final sell is on IndusInd Bank. I would want to see the stock break below Rs 1,380 and then take a position. So, sell then with a stop loss at Rs 1,401 and look for target of around Rs 1,335."

"Two buy calls; when the stocks are close to support areas, so, Mindtree is a buy. Keep a stop loss at Rs 489 and look for target of Rs 515. The other buy is Voltas with a stop loss at Rs 408 for target of Rs 430."

first published: May 22, 2017 10:12 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347