NIFTY 50

Buy Mahindra & Mahindra, says Krish Subramanyam of Altamount Capital

Updated : May 24, 2019 12:13 PM IST

Mitessh Thakkar of mitesshthakkar.com, Prakash Gaba of prakashgaba.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 Manappuram Finance, NIIT Technologies, Axis Bank, Larsen & Toubro (L&T)

Mitessh Thakkar stock picks are, “Manappuram Finance is a buy with a stop at Rs 127 and Rs 138-140 could be the target range. While NIIT Technologies and the entire IT pack with rupee kind of appreciating has given negative signals so NIIT Technologies look like a sell keep a stop at Rs 1,280 look for targets of Rs 1,240.”

Prakash Gaba stock ideas are, “I will go long on Axis Bank, it is showing some tractions possibly Axis Bank can climb up to around Rs 800 zones stop below Rs 780 should be fine. L&T I like the basic structure of L&T, it can climb to around Rs 1,550 zones stop below Rs 1,490.”

Krish Subramanyam stock recommendations are, “I have a plain vanilla Call in Mahindra & Mahindra (M&M). M&M is where Rs 646 would be very strong support level and we could see some good short covering rally coming about in the coming week. I am buying 650 Strike Call that is quoting at around Rs 13 keep a target of Rs 30 and maybe one could keep a stop loss of Rs 5. A covered Call strategy in HPCL, buy the futures & sell a 300 Call that is quoting at around Rs 9 keeping a modest target of Rs 315 and maybe one could keep a stop loss of Rs 290.”

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

Follow stock recommendations by Prakash Gaba here: https://www.cnbctv18.com/author/prakash-gaba-117/

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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