HomeNewsBusinessSell Infibeam, Steel Authority of India: Mitessh Thakkar

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
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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.

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"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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