Buying suggestion by Mitessh Thakkar for Thursday
Buying suggestion by Mitessh Thakkar for Thursday
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Mitessh Thakkar of miteshthacker.com suggests buying for today, "Bajaj Finserv and Muthoot Finance had a very strong pricing volume action day yesterday. I would buy Muthoot with a stop at Rs 460 for target of Rs 485. I would recommend buying Bajaj Finserv with a stop at Rs 4,165, look for target close to about Rs 4,350."

"The other buy calls are on HPCL, the stock clearly is in news, good pricing volume breakout is there as well. Technically, it could hit targets of around Rs 375. So, buy with a stop at Rs 350. NCC is something which has given a good candlestick pattern, so I would buy that, keep a stop at Rs 92, look for target of Rs 100," he said.

"Amongst the midcap names, Future Consumer had a very strong pricing volume breakout, so on a minor intraday dip, around Rs 37.25-36.60 could be a good buying zone, keep a stop below Rs 35.50 and look for a slightly positional target of around Rs 40."

"Sintex Industries has a pretty new chart in the sense that after a demerger, it is a totally different chart. There is some resistance around the levels of Rs 32-32.50 and that could be a good levels to take profits. In fact, yesterday was a good breakout day, we did contemplate giving a buy there but Rs 32-32.50 will be tough for this stock to cross in the first time."

"NTPC is something that I have been recommending. Today it is showing signs of momentum on the upside. That could be a good trade, it has done a good base building in this Rs 155-160 zone and now moving up. So I would look at targets of Rs 172 to about Rs 175 and buy with a stop below Rs 161.

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