HomeNewsBusinessStocksBuy Lupin, RCF, JSPL, Sintex; sell Dabur: Mitessh Thakkar

Buy Lupin, RCF, JSPL, Sintex; sell Dabur: Mitessh Thakkar

Mitessh Thakkar of miteshthacker.com is of the view that one can buy Lupin, Rashtriya Chemicals and Fertilisers, Jindal Steel & Power and Sintex Industries and advises selling Dabur India.

February 06, 2017 / 14:55 IST
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Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "I have four buys and a solitary sell call. First of them is Lupin where we have seen some crossovers on the intraday charts. So look for targets of around Rs 1,530 and buy with a stop loss at Rs 1,470.""Amongst the fertiliser names, Rashtriya Chemicals and Fertilisers (RCF) is showing a good traction on the short-term charts. It has given some kind of a break out on the upside. So, buy with a stop loss at Rs 58.50, look for targets of around Rs 65," he said."Jindal Steel & Power managed to get past an important level of Rs 89-89.50. So, keeping a stop loss just below that, look for targets of Rs 98.""A very similar set up has happened on the charts of Sintex Industries. It managed to get past levels of Rs 91, so suggest a buy with a stop loss below Rs 91 for targets of Rs 103.""Solitary sell call is on Dabur India where we have seen some bearish candlestick pattern of break down. So, sell around the range of Rs 269 to about Rs 270. Keep a stop loss just above Rs 275 while Rs 258 could be a good short-term target."

first published: Feb 6, 2017 09:52 am

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