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Buy on UltraTech Cement & sell Reliance Infrastructure, recommends stock analyst Mitessh Thakkar

Updated : April 04, 2019 10:28 AM IST

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 Infosys, Marico, Amara Raja, Jain Irrigation, UltraTech Cement and Reliance Infrastructure.

“UltraTech Cement is a buy it has moved up already, slightly but around Rs 4,070-4,060 if you get it buy with a stop below Rs 4,000 for targets of Rs 4,200 and Reliance Infrastructure is a sell with a stop just above Rs 138.50 for targets of Rs 129.”

“Apart from Infosys which is a buy at stop at Rs 742 for targets of Rs 780, I have another buy that is on Marico. There was some positive news yesterday while the stock did close off the day’s high so the structure has improved dramatically, so buy with a very tight stop at Rs 349 look for of Rs 366 as the target. Two sell calls Amara Raja Batteries price volume breakdown yesterday. Sell with a stop at Rs 686 for targets of Rs 645 and Jain Irrigation which had intraday charts turning on to negative side that is a sell with stop just above Rs 59 for targets of Rs 55.”

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