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HomeNewsBusinessSell Bharat Forge, Exide; buy Grasim, SBI, Caplin Point: Mitessh Thakkar

Sell Bharat Forge, Exide; buy Grasim, SBI, Caplin Point: Mitessh Thakkar

Mitessh Thakkar of miteshthacker.com is of the view that one can sell Bharat Forge and Exide Industries and can buy Grasim Industries, State Bank of India and Caplin Point.

June 23, 2017 / 10:10 IST

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "I have a mix of buy and sell calls. For the time being we will maintain a mixed bias but if we break 9,580 on the downside then maybe more of shorting can be done. Bharat Forge is a short. Sell with a stop loss at Rs 1,167, look for target of Rs 1,125."

"Grasim Industries on the other hand is a buy call, yesterday also in a weak market, this stock showed continuation signals on the upside. So I would buy with a stop loss at Rs 1,144 for target of Rs 1,230. State Bank of India (SBI) is a buy as well, good intraday set up, buy with a stop loss at Rs 288, target of Rs 305," he said.

"A midcap stock Caplin Point is a buy, keep a stop loss at Rs 562, look for target of Rs 610 and sell on Exide Industries where some of the indicators have crossed on the negative side suggesting momentum is on the downside. I would sell with a stop loss at Rs 225 and look for targets close to about Rs 205," he added.

first published: Jun 23, 2017 09:42 am

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