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Sell Infibeam, Steel Authority of India: Mitessh Thakkar

Mitessh Thakkar of miteshthacker.com recommends selling Infibeam and Steel Authority of India.

May 24, 2017 / 16:43 IST

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "Infibeam is a sell with a stop loss of Rs 1005 for target of Rs 945."

"Sell Steel Authority of India with a stop loss of Rs 59.50 for target of Rs 53," he added.

"Something has happened in GRUH Finance in the last few minutes. We have seen the stock run up from Rs 385 to Rs 405 but I do like the stock. I think it has given at least an intraday reversal and a buy signal."

"If the stock does not break below immediate support levels which are at about Rs 395, I think it will head towards Rs 425-430. So, even trading positions can be taken with a stop loss of Rs 395 for Rs 425 kind of target."

first published: May 24, 2017 03:27 pm

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