Last Updated : Sep 15, 2016 12:23 PM IST | Source: CNBC-TV18

Buy MRF; sell Coal India: Mitesh Thacker

Mitesh Thacker of is of the view that one can buy MRF and sell Coal India.

Mitesh Thacker of told CNBC-TV18, "I have two buy calls - one of them is MRF. Tyre stocks have shown outperformance as well as strong uptrend. MRF can be bought with a stop loss below Rs 40,250, for targets close to about Rs 42,000. A midcap rather than smallcap stock is ABG Shipyard, very strong price in volume break out yesterday, buy with a stop loss below Rs 30.70 and it should head towards Rs 34."

"Around Rs 87.50, I would want to trade Jindal Steel & Power. I have noticed Bosch, I think that is a stock which broke down yesterday and it is getting into a negative zone today as well. So I would sell this stock with a stop loss at about Rs 23,600 for targets close to about Rs 22,000," he said.

"Other stock is a sell on Coal India with a stop loss below Rs 328.50 and targets of around Rs 313."
First Published on Sep 15, 2016 12:23 pm