Moneycontrol PRO
HomeNewsBusinessSell Capital First, Granules India, PTC India; buy Grasim, Hindustan Zinc: Mitessh Thakkar

Sell Capital First, Granules India, PTC India; buy Grasim, Hindustan Zinc: Mitessh Thakkar

Mitessh Thakkar of miteshthacker.com is of the view that one may sell Capital First, Granules India and PTC India and can buy Grasim Industries and Hindustan Zinc.

June 28, 2017 / 11:31 IST

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "I have three sell calls and two buy calls. The first is a sell on Capital First with a stop loss at Rs 673 for target of around Rs 620. It has broken below the 200-day average. Granules India has broken below key swing support levels. So that is a sell as well, look for target of Rs 120 and keep the stop loss just above Rs 133.50, negative crossovers have happened on the charts of PTC India. So that is a sell with a stop loss above Rs 94.50 for targets close to about Rs 88."

"Two buy calls, Grasim Industries was a buy yesterday as well. That has made a fresh swing breakout, still a bullish set up is over there, so I would buy this one with a stop loss at Rs 1,198, look for target close to about Rs 1,250 and Hindustan Zinc is looking promising, it is stabilising above the Rs 250-253 mark, which was an important resistance level. So buy with a stop loss at Rs 249 for targets close to Rs 270," he said.

first published: Jun 28, 2017 11:09 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