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Sell HDFC & Larsen & Toubro, says stock expert Mitessh Thakkar

Updated : May 16, 2019 10:22 AM IST

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

He also spoke at length on Hindustan Unilever (HUL), InterGlobe Aviation, Maruti Suzuki, UPL, HDFC, Larsen & Toubro (L&T).

Speaking about stocks ideas Mitessh Thakkar said, "I have two sell calls, HDFC can be sold with a stop at Rs 1,950, Rs 1,900 should be a target while Larsen & Toubro (L&T) also is a sell keep a stop above Rs 1,330 look for Rs 1,285-1,280 as the target.”

“I have a mix of buy and sell. Hindustan Unilever (HUL) there is some negative candlestick pattern yesterday that is a sell with a stop just above Rs 1,690 for targets of Rs 1,635. Maruti Suzuki is in the real danger of breaking that levels of Rs 6,500 today so if it breaks yesterday’s low of Rs 6,460 go short with a stop at Rs 6,525 look for a target of Rs 6,300. Two buy calls as well InterGlobe Aviation is a buy that is a buy with a top at Rs 1,590 target of Rs 1,650 and UPL is similar thing it has broken into fresh swing high that is a buy with a sop at Rs 958 for targets of Rs 995.”

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

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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