NIFTY 50

Buy Ajanta Pharma, BEL & Indraprastha Gas; sell Torrent Pharma, says stock expert Mitessh Thakkar

Updated : May 10, 2019 10:19 AM IST

The latest analysis and commentary by stock market guru Mitessh Thakkar of mitesshthakkar.com on what is moving the markets today.

He shared his views and readings on Ajanta Pharma, Bharat Electronics (BEL), Torrent Pharmaceuticals, Indraprastha Gas (IGL), Reliance Industries, Jubilant Foodworks, Hero MotoCorp, Mahanagar Gas.

Stock specific, Thakkar said, “On the buy side I have two calls. Ajanta Pharma which when the indicator setup remains positive, it is not really participating on the downside in the last few days. I would buy this one with a stop at Rs 1,048 for targets of Rs 1,100. Bharat Electronics (BEL) towards the close yesterday had a very strong reversal on the intraday charts. Buy with a stop at Rs 88 here and look for targets of Rs 94. Indraprastha Gas (IGL) is a buy with a stop at Rs 311.50 for targets of Rs 324.”

“Torrent Power is a sell with a stop at Rs 254 for targets of Rs 235,” he added.

Follow stock recommendations by Mitessh Thakkar here: https://www.cnbctv18.com/author/mitessh-mthakkar-111/

Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
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