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Buy Federal Bank & sell Larsen & Toubro, says stock analyst Mitessh Thakkar

Updated : May 13, 2019 10:27 AM IST

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

He shared his views and readings on Eicher Motors, Muthoot Finance, RBL Bank, State Bank of India (SBI), Larsen & Toubro (L&T) and Federal Bank.

Speaking about stocks ideas Mitessh Thakkar said, “I have a buy and a sell. Larsen & Toubro (L&T) is apparently breaking down so that is a sell with a stop at Rs 1,343 for targets of Rs 1,290 and Federal Bank has pulled back an important support level trying to reverse from there that is a buy with a stop below Rs 95.50 Rs 100 should be a first target.”

“I have slight positive view on couple of banking names and negative on Eicher Motors and Muthoot Finance. I will start with a sell on Eicher Motors it is a sell with a shop at Rs 20,750 I would look for declines to about Rs 19,000 levels. Muthoot Finance is a sell with a stop just above Rs 586, Rs 550 could be tested here. RBL the intraday charts are quite good on the bank chart I would buy here with a stop at Rs 664 look for targets of Rs 698. SBI could go up to Rs 318-320 and that is a buy with a stop below Rs 302.50.”

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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