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Mitessh Thakkar on February 12: Buy HCL Tech & sell Ultratech, Hindalco, Indian Bank

Updated : February 12, 2019 10:57 AM IST

The latest analysis and commentary by stock market guru Mitessh Thakkar on what is moving the markets today. Check out his top stock recommendations.

He spoke at length about HCL Technologies, Ultratech Cement, Hindalco, Indian Bank, Indiabulls Housing, Manappuram Finance, Titan, Marico, Bosch, Tata Global Beverages.

"Slightly more negative bias. I have sell on Ultratech Cement which is a sell with a stop at Rs 3,525 and look for targets close to about Rs 3,300. Sell on Hindalco, it has got results today but the indicator setup has turned slightly negative. So, sell with a stop at Rs 204.25 and look for targets close to about Rs 190. Sell Indian Bank which has broken important support around the Rs 213 mark. So keep a stop just above that. Rs 214 is what I suggest and look for Rs 190-191 as your target. My solitary buy call is on HCL Technologies. That is a buy with a stop at Rs 1,067 for targets of around Rs 1,100," he said.

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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