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Sell BEML, Mahindra & Mahindra, ACC: Mitesh Thacker

Mitesh Thacker of miteshthacker.com recommends selling BEML, Mahindra & Mahindra and ACC.

September 15, 2016 / 11:14 IST
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Mitesh Thacker of miteshthacker.com told CNBC-TV18, "BEML was a sell yesterday, the indicators have turned weak and I am selling the stock and looking at targets of around Rs 990 with a stop loss at Rs 1,044.""In Mahindra & Mahindra (M&M), even if you look at the recent history, Rs 1,425-1,435 has been a very strong support zone, it has broken below that. Expect some more selling pressure. Look for targets of Rs 1,365 and a stop at about Rs 1,436 is what I would recommend," he said."The third sell call is on ACC where the indicators, despite the fact that yesterday the stock was up has turned negative. I would sell this with a stop loss of Rs 1,650 for targets of around Rs 1,565."

first published: Sep 15, 2016 11:14 am

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