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Mitessh Thakkar on November 16: Buy Raymond, Britannia

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

The latest analysis and commentary by stock market guru Mitessh Thakkar on what is moving the markets today.
He also spoke at length on Axis Bank, Colgate-Palmolive, IRB Infrastructure, Sun TV, Raymond, Britannia, Grasim.
Talking about stock picks, Mitessh Thakkar said, “I have two buy calls. I have a buy on Raymond with a stop at Rs 774 look for targets of Rs 815 over here and Britannia is something which is showing good momentum on the upside so that is a buy as well. Keep a stop below Rs 5,850 and look for targets of around Rs 6,050 on the upside.”
He added, “Axis Bank looks like is possibly showing good indicator crossover so momentum could follow here. That is a buy with a stop at Rs 617 look for targets of Rs 645. Colgate-Palmolive was a buy yesterday as well, again the indicator and the averages are pointing towards the possible rise. Keep a stop at Rs 1,114 look for targets of Rs 1,160. A conditional buy on IRB Infrastructure if it starts getting pass Rs 144.50-145 there will be a breakout above positive intraday pattern so buy then with a stop of Rs 141.50 look for targets of Rs 154.”
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