Mitessh Thakkar suggests; Buy Adani Ports, NBCC; sell Biocon, Voltas
Mitessh Thakkar suggests; Buy Adani Ports, NBCC; sell Biocon, Voltas
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Mitessh Thakkar of mitesshthakkar.com said, "I am more positively biased on the index and most of these stocks. So we will be more aggressive on the long trades. Adani Ports looks like it is getting into a new zone, it has broken above all the earlier swing highs. So I would buy this with a stoploss at Rs 364 for target of Rs 395."

He added, "Sell call is in Biocon which is seeing some breakdown on the intraday chart. So I would sell with a stoploss at Rs 339, look for a target close to about Rs 313."

Thakkar further said, "Finally NBCC has managed to close above levels of Rs 204-205. So buy with a very tight stoploss at Rs 201, look for a first target of Rs 216. I did discuss Tata Elxsi yesterday as well or even today at current levels, I would be very comfortable buying this one. It has given a very strong pricing volume and a swing breakout. So buy with a stoploss at Rs 1,585, for target of Rs 1,690."

"Voltas had some kind of a breakdown and a negative day yesterday, it could extend down to levels of about Rs 458. That being the target, short with a stoploss at Rs 482.50," he said.

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