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Last Updated : Feb 23, 2017 09:43 AM IST | Source: CNBC-TV18

Buy Coal India, Idea Cellular; sell MRF: Mitessh Thakkar

According to Mitessh Thakkar of miteshthacker.com, one can buy Coal India and Idea Cellular while one can sell MRF and Page Industries.

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "I have a buy on Coal India with a stop loss at Rs 321 for targe of Rs 341. The stock gave a good swing break out. Hindustan Unilever (HUL) is doing good sideways consolidation but the break out happens above Rs 869, so I would want to see it gets past Rs 870, buy then with a stop loss at Rs 860, look for target of Rs 895."

"Idea Cellular after doing the consolidation for about three weeks now is breaking out. So that is a buy as well, keep a stop loss at Rs 108-107.50, look for Rs 120 as the first target," he said.

"Two sell calls, the first one is MRF, where we have seen some negative crossovers of indicators. So, sell this with a stop loss at Rs 50,700, look for target close to about Rs 48,000. Page Industries as well broke down in the last hour of the trade yesterday. That is a sell with a stop loss of Rs 14,200 for target close to about Rs 13,000."
First Published on Feb 23, 2017 09:43 am