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Mitessh Thakkar on February 8: Buy BPCL & sell Vedanta

Updated : February 08, 2019 11:14 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 Dabur India, Bharti Infratel, Oil and Natural Gas Corporation (ONGC), Cummins India, Titan, Indusind Bank, Vedanta, BPCL and Indiabulls Real Estate.

Speaking about stock picks Miteesh Thakkar said, “I have one sell and one buy. BPCL with a crude declining the intraday charts have reversal charts on BPCL, it could possibly give a pullback to about Rs 355 taking that as the target buy with a stop below Rs 339. Vedanta is showing continuation after that big breakdown which happened. That is a sell with a stop at Rs 163 look for targets close to about Rs 152.”

“Dabur is a buy with a stop at Rs 453 look for targets of Rs 474. Bharti Infratel is a buy with a stop at Rs 298 look for targets of Rs 322. ONGC is a buy with a stop of Rs 145 look for pullback to about Rs 155 zones. One sell call that is on Cummins India, the candlestick pattern was negative so take a short with a stop at Rs 785 look for targets close to about Rs 744.”

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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