Mitessh Thakkar on March 26: Buy Adani Port, Cholamandalam, ONGC; sell Biocon

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 Adani Port, Cholamandalam, ONGC, Biocon, Jet Airways, Indian Oil Corporation, Balkrishna Industries, BHEL.

Speaking about the individual stock ideas, Thakkar said, “Adani Port is a buy with a stop at Rs 355 and look for targets of Rs 373. Buy Cholamandalam. The stock has come close to support levels, couple of moving averages are nearby. So buy with a stop below Rs 1,310 and look for targets of Rs 1,365. ONGC is now giving signs of further upside continuation. That is a buy with a stop at Rs 154 for targets of Rs 166. A solitary sell call on Biocon where the indicator setup is turning weak. So, attempt a short with a stop at Rs 619 for targets of Rs 590.”