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Mitessh Thakkar on January 16: Buy Bharat Forge, Cummins, Naukri & sell Voltas

Updated : January 16, 2019 10:32 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 Bharat Forge, Cummins India, Voltas, Naukri, Vedanta, ICICI Bank, Container Corporation of India, LIC Housing Finance.

“I have a buy on Bharat Forge where the intraday charts are now showing reversal after a good decline. It is a buy with a stop at Rs 480 for targets of Rs 500. Cummins is showing continuation signals on the upside, so buy with a stop below Rs 860, look for targets of Rs 910 and Naukri, that is a cash stock, a fresh swing breakout over there, take a slightly positional view, put a stop loss at Rs 1,630 and a price target of Rs 1,800 on the upside. I have one sell call that is Voltas where the indicator set up has turned negative. So sell with a stop at Rs 543.50 for targets close to about Rs 507,” 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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