Mitessh Thakkar on December 20: Buy Axis Bank, Exide, Torrent Power & sell HCL Tech

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 Axis Bank, Exide Industries, HCL Technologies, Torrent Power, Punjab National Bank, Indian Bank, State Bank of India, JK Tyre, Apollo Tyre, Balkrishna Industries, Apollo Hospital, BHEL.

"Axis Bank had a good swing break out above the Rs 630-633 mark. Keep a stop below Rs 630 and look for targets of Rs 665. Exide was a recommendation yesterday as well. Strong price and volume breakout, so, early morning dip around Rs 267-266 would be a good buying zone. Keep a stop at Rs 262 and look for target of Rs 279. My third buy call is a conditional buy. If it breaks higher levels, that is Torrent Power needs to get past Rs 272-273. Buy above Rs 273, keep a stop at Rs 267 and look for targets of Rs 288. Solitary sell call on HCL Technologies. Sell with a stop at Rs 970 for targets of Rs 932," he said.