Mitessh Thakkar on December 17: Buy RBL Bank, ICICI Bank
The latest analysis and commentary by stock market guru Mitessh Thakkar on what is moving the markets today. Check out his top stock recommendations.
The latest analysis and commentary by stock market guru Mitessh Thakkar on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about Bajaj Auto, NIIT Technologies, Ujjivan, Voltas, HDFC, Vedanta, Reliance Communication, Adani Ports, Siemens, RBL Bank, ICICI Bank.
Speaking about individual stock ideas, Thakkar said,“I have two banking names on the buy list, RBL Bank is a buy with a stop at Rs 572 for targets of Rs 606 and ICICI Bank is also buy. Keep a stop at Rs 352.50 look for targets of Rs 370.”
“Autos have done very well in the last week; Hero MotoCorp and Bajaj Auto both doing very well, TVS Motors and Eicher Motors is kind of also catching up. Bajaj Auto now giving good continuation signals, most likely will head towards target of Rs 2,900. So that is a buy with a stop at Rs 2,785. NIIT Technologies, the intraday charts are quite positive. That is a buy with a stop just below Rs 1,120 and look for targets close to about Rs 1,180. I also have a buy on Ujjivan where the indicator setup is quite positive. So, buy with a stop at Rs 235 and look for targets of Rs 255. My final call is on Voltas which is a buy with a stop at Rs 564 for targets of Rs 610.”
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First Published: Dec 17, 2018 9:56 AM IST
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