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Sell Ceat; buy GAIL, Inox Wind, Raymond: Mitessh Thakkar

Mitessh Thakkar of miteshthacker.com recommends selling Ceat and advises buying GAIL India, Aban Offshore, Inox Wind and Raymond.

January 20, 2017 / 11:07 IST
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Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "I have a sell on Ceat with a stop loss at Rs 1,207 and will look for targets of around Rs 1,140." "GAIL India amongst the largecap F&O energy names had a good break out. That is a buy around Rs 459-460. Use the morning gap down to buy and keep a stop loss at Rs 450 for targets of Rs 480," he said. "Aban Offshore is a buy with a stop loss of Rs 244 and look for targets close to about Rs 270." "Inox Wind has had a very strong and break out candlestick pattern. So, that is a buy with a stop loss at Rs 188 and look for targets of Rs 215." "Raymond is another stock which had a good price volume break out, so buy with a stop loss at Rs 517 and look for targets of Rs 565.""Mindtree has broken down with numbers; that has given a negative crossover. So, sell with a stop loss at of Rs 484 and look for targets of Rs 450.""Hexaware Technologies is a sell as well. Keep a stop loss just above Rs 201 and look for target close to about Rs 190."

first published: Jan 20, 2017 09:23 am

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