Suggestion by Mitessh Thakkar: Buy Bata India, JSW Steel Sell Asian Paints
Suggestion by Mitessh Thakkar: Buy Bata India, JSW Steel Sell Asian Paints
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In opening trade today, Mitessh Thakkar of miteshthacker.com suggested, "I have three buy calls and two sell calls. The buy calls are on Bata India where we saw some continuation signals on Friday. So buy with a stop at Rs 558, look for Rs 605 kind of target. Ferrous stocks were buzzing and JSW Steel had a good swing breakout trade. I would buy with a stop at Rs 210, look for targets close to about Rs 229-230. Similarly, NMDC is quite positive as well, the indicator has finally started turning up. So it is a buy but a conditional buy, let us see the stock price get pass Rs 116.50, that was the high on Friday and then buy with a stop at Rs 113, look for a first target of Rs 124."

"Two sell calls, short-term sell calls, intraday sell signals on Asian Paints where I would advise selling with a stop at Rs 1,131 for target of Rs 1,085 and Pidilite Industries with a very tight stop at Rs 826 and look for a small decline to about levels of Rs 790," he added.

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