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Buy Infosys, Ashok Leyland, Adani Power, Thomas Cook: Thakkar

Mitessh Thakkar of miteshthacker.com suggests buying Infosys, Ashok Leyland, Adani Power and Thomas Cook.

March 07, 2017 / 11:48 IST
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Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "I have been quite bullish on Infosys despite the fact that it has been hit by some kind of negative newsflow for the last couple of days. The stock has always recovered and managed to close above Rs 1,015-1,020 zone, which was an important swing point. My sense is that the stock is heading towards Rs 1,060-1,065 as the minimum possibly even Rs 1,100. So even at current level, I would be a buyer with a stop loss just below Rs 1,010 or Rs 1,008-1,009 is what I would recommend.""Idea Cellular was heading towards Rs 120 and did a big consolidation in the range of about Rs 105-113. So, anything close to Rs 105 would be a very strong support area. That is also the area where important short-term averages are placed. So, around Rs 105 is a strong support zone. So try to buy it around Rs 106-107 keeping a stop loss below Rs 103 and Rs 115-116 always remains a good trading target there," he said."Ashok Leyland has opened with a gap up of about 2.5 percent. So, that gives you a good trading opportunity. Buy with a stop loss below Rs 91 and look for Rs 96 as the short-term target.""Some action is happening in most of the Anil Dhirubhai Ambani Group (ADAG) stocks and Reliance Capital is making fresh highs. So it is giving a swing break out. So keeping a very tight stop loss at Rs 538, I would buy this one for target close to Rs 565.""I have a buy on Adani Power with a stop loss at Rs 39, look for Rs 43 as the target.""Hindalco Industries appears to be going for some kind of a pullback on the short-term charts. Around levels of Rs 192-193 would be an excellent entry point, keep a stop loss below Rs 190 and target of Rs 205-210," he added."Thomas Cook had a pretty big break out on Friday and then yesterday it was quiet. This stock did trigger some kind of an uptrend. The first target is around Rs 220. We are very close to those levels but once we get past Rs 220, the pattern should get stronger and we should look at target close to about Rs 235 to begin with and possibly even Rs 250. So, this stock is clearly on an uptrend, buy even at current level, slowly accumulate with a stop loss at about Rs 205 and once it get past Rs 220, you should see more momentum coming.""Future Consumer is also a stock which has done extremely well. It is heading towards Rs 31-32 in the next few weeks."

first published: Mar 7, 2017 11:43 am

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