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Mitessh Thakkar on February 20: Buy UltraTech Cement & Jindal Steel & Power

Updated : February 20, 2019 11:58 AM IST

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

He also spoke at length on Grasim, Aurobindo Pharma, PFC, Interglobe Aviation, UltraTech Cement, Jindal Steel & Power (JSPL).

Talking about his recommendations Mitessh Thakkar said, "UltraTech Cement is a buy with a stop at Rs 3,480 for targets of Rs 3,600 and Jindal Steel is a buy with a stop at Rs 142 for targets of Rs 151."

“I have a mix of buy and sell. PFC and Grasim Industries are on the buy list. Grasim the intraday charts have turned positive so keep a stop at Rs 709 look for targets of Rs 744. PFC good candlestick pattern, some kind of a minor breakout on the intraday charts so that is a buy with a stop at Rs 105 target of Rs 113. I also have two sell calls one on Aurobindo Pharma, sell with a stop at Rs 721 look for targets of Rs 680 and  Interglobe Aviation is a sell when you get a bounce back. So, in the range of Rs 1,110-1,115 is where I would recommend shorting up a percent higher than the current price. Keep a stop at Rs 1,131 look for targets of Rs 1,080.”

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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