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Short Adani Ports, says Mitessh Thakkar

Mitessh Thakkar of mitesshthakkar.com is of the view that one may short Adani Ports.

March 09, 2018 / 03:10 PM IST

Mitessh Thakkar of  mitesshthakkar.com told CNBC-TV18, "If Godrej Industries starts breaking levels of Rs 538, it is a conditional short sell then with a stop at Rs 551 and look for Rs 515 kind of a target."

"Adani Ports I think has just come off a bit but closer to about Rs 390-392 would be good short. Keep your stop at about levels of Rs 396.50 and look for targets of around Rs 375."

"Zee Entertainment also corrected few days back and then Rs 550 is a very strong support zone from where it has bounced back. Now when it is falling, it had a gap around at about Rs 575 odd levels. I think if somebody has bought around lower levels Rs 575 is a good range to take profits. I am not sure whether we will be able to see the stock getting pass those levels."

"In case that happens and we get a closing above Rs 575 expect this momentum to continue and the recent highs of Rs 605-610 could be re-visited. But as of now I am not very sure whether we will be able to get past Rs 575, so the next trading should happen only if we get a closing above that," he said.
CNBC-TV18
first published: Mar 9, 2018 03:10 pm
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