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Sell MRF, Interglobe Aviation, Amara Raja, Vedanta; buy Sun Pharma: Mitessh Thakkar

Mitessh Thakkar of mitesshthakkar.com is of the view that one can sell MRF, Interglobe Aviation, Amara Raja Batteries and Vedanta and buy Sun Pharmaceutical Industries.

September 15, 2017 / 11:48 IST
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Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "I have a sell on MRF with a stop loss at Rs 64,400 for targets of around Rs 62,500. My belief is that the stock is getting corrected. The other stock, which I have a sell upon is Interglobe Aviation. There are some intraday sell signals, so sell with a stop loss at Rs 1,202, look for targets closer to about Rs 1,150."

"Amara Raja Batteries has clearly been in a weak trend. So that is a sell as well, keep a stop loss at Rs 805.50 and look for targets close to about levels of Rs 740. In Vedanta again some intraday breakdowns are there, so sell with a stop loss at Rs 325.50 for target of Rs 306," he said.

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"I have one buy call, that is in Sun Pharmaceutical Industries where I would want to buy with a stop loss of Rs 509 for target of Rs 555," he said.

"In Coal India, Rs 280 is the target and I could buy this one with a stop loss at Rs 252. Max Financial's early morning intraday charts are very positive, strong buy signals are over there, a disclaimer that we have recommendations on both Coal India and Max Financial. I would buy with a stop loss at Rs 604, for targets of around Rs 660."