The latest analysis and commentary by stock market guru Mitessh Thakkar of mitesshthakkar.com on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about CESC, Reliance Industries Ltd (RIL), Power Finance Corporation (PFC), Jet Airways, Bata, Jubilant Foodworks, Tata Global, Ajanta Pharma.
Stock specific, Thakkar said, “I have a buy on CESC. I would recommend buying on minor dip of about 0.50 percent, Rs 765 being the preferred buying area. Buy then with a stop at Rs 749 and look for Rs 800 as the target. Reliance was a call earlier as well. Yesterday we got fresh intraday buy signals there. Buy with a stop at Rs 1,349 for targets close to about Rs 1,392. A buy on PFC; again buy on a mild dip of Rs 1-1.50, Rs 126 or thereabout should be a good buying zone. Keep a stop at Rs 122 and look for targets of Rs 135. I have one sell on Jet Airways. Intraday charts are turned negative. So, sell with a stop at Rs 146 for targets of around Rs 132.”
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