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Mitessh Thakkar on January 30 Buy HCL Tech, & Mahanagar Gas; Sell Tata Communication, & RBL Bank

Updated : January 30, 2019 01:05 PM 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 Axis Bank, HCL Technologies, Mahanagar Gas, Tata Communication, RBL Bank, ICICI Bank, Axis Bank, Godrej Consumer, Bank of Baroda.

Speaking about specific stock recommendations, Thakkar said, “I have HCL Technologies. I think the IT index looks very good to me and HCL Technologies had a very positive crossover of indicators yesterday. So that is a buy with a stop of Rs 978 and look for Rs 1,010-1,015 as your first target. Also a buy on Mahanagar Gas (MGL) which has been a recommendation earlier. That is a buy with a stop of Rs 909 for target of Rs 945. Two sell calls, Tata Communication is a sell. Keep a stop at Rs 504.50 and look for target of Rs 476. RBL Bank I would like to sell on a mild pullback. So around Rs 565 is a good level to go short. Keep a stop at Rs 565 and look for targets of Rs 535.”

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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