Mitessh Thakkar of mitesshthakkar.com, Kiran Jadhav of KiranJadhav.com and Krish Subramanyam of Altamount Capital discusses with Prashant Nair and Ekta Batra their readings and outlook on market technical and F&O side of the market as well as specific stocks and sectors.
They also spoke at length on United Spirits, PVR, Aurobindo Pharma, HDFC Bank, and Infosys.
Mitessh Thakkar stock recommendations are, “I have two calls one sell and one buy. On Friday after long time United Spirits looks like it will be breaking down that is a sell with a stop at Rs 528 for targets of Rs 504. PVR is showing very good momentum on the charts that is a buy with a stop at Rs 1,750 look for targets of Rs 1,835.”
Kiran Jadhav stock picks are, “Stock specific I have one buy and one sell. Aurobindo Pharma is one stock which I believe should be sold. Technically, this has given a breakdown of a 18 month period of consolidation and this triangular pattern breakdown is pretty crucial. I believe that the kind of chart pattern and the volume that we have seen is really hurting the counter. Rs 690 would be my stop loss and target for the day would be around Rs 640. PVR is a buy, it looks very strong. Stop loss is very close from the current levels Rs 1,765 would be my stop loss Rs 1,810 and Rs 1,815 would be my targets for the day.”
Krish Subramanyam F&O stock recommendations are, “Buy HDFC Bank Call that is 2400 Strike Call that is quoting around Rs 22-24 and target of Rs 48 and stop loss of Rs 10. Second one is buy of 710 Strike Call in Infosys which has also seen some decent corrections. That is quoting at around Rs 25-26. Keeping a target at Rs 50 and maybe one could keep a stop loss of Rs 10.”
Follow stock recommendations by Mitessh Thakkar here: https://www.cnbctv18.com/author/mitessh-mthakkar-111/Disclaimer
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