Mitessh Thakkar of miteshthacker.com is of the view that one can buy Eicher Motors, Indiabulls Real Estate, Vedanta and JBF Industries and sell Tata Communications.
Mitessh Thakkar of miteshthacker.com told CNBC-TV18, “I have more of buy calls because the stock specific basis still remains positive. I have a buy on Eicher Motors which managed to get past the earlier swing highs. Buy with a stop loss at Rs 25,320 and look for target of Rs 26,350 or thereabouts.”
“The second one is Indiabulls Real Estate. You couldn’t have missed the midcap realty stocks yesterday, I think there is very strong price and volume action across the board. Indiabulls Real Estate now can now be bought with a stop loss at Rs 84 for target of Rs 95,” he said.
“The other two buys are in Vedanta which made a fresh swing high beyond the early highs of Rs 270-271. It is a buy with a stop loss below Rs 269.50 for target of Rs 285.”
“JBF Industries from the midcap pack looks good, a good price and volume action, buy with a stop loss at Rs 265 for target of Rs 290.”
“I have a solitary sell call on Tata Communications, where I would sell with a stop loss at Rs 731.50 and look for target of around Rs 680.”
“I think Reliance Infra is showing a good pattern on the intraday charts. So, that is a buy with a stop loss at Rs 564 and look for targets of Rs 595 to about Rs 598.”
“Jindal Steel & Power is a good buy at current level, keep a stop loss below Rs 120 and look for target of around Rs 129.”