Mitessh Thakkar of mitesshthakkar.com feels that Snowman Logistics may test Rs 65.
Mitessh Thakkar of mitesshthakkar.com told CNBC-TV18, "Logistics stocks can be bought for a short term trade, I think Gati and Snowman at least. I have not looked at all of them but Gati and Snowman have been on the radar. I think Gati is heading towards Rs 145-146, that has been an important level historically for the stock. If it breaks beyond that we can even look at Rs 160. Today I would be a buyer with a stop below Rs 125."He further added, "Snowman Logistics also I think has managed to get past multiple supply zones of around Rs 57-58. So, keep a stoploss below Rs 57, I think this could easily head towards Rs 65. It is not much but still in terms of percentage move, it could be 10 percent in the next 4-5 sessions."The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .