Sep 07, 2017 10:10 AM IST | Source: CNBC-TV18
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Berger Paints, Motherson Sumi and UltraTech Cement and sell Godrej Consumer Products.
Mitessh Thakkar of mitesshthakkar.com told CNBC-TV18, “Berger Paints had a very strong pricing volume breakout, indicator set up is quite positive. So buy with a stop loss at Rs 252 for target of Rs 275. Motherson Sumi has consolidated, corrected and possibly is restarting an uptrend. Buy with a stop loss at Rs 316 for target of Rs 350.”
“Amongst the cement names, UltraTech Cement after having gone thorugh a correction is starting an upmove. So that is a buy with a stop loss below Rs 4,090 and I would look for targets close to about Rs 4,300.”
“Godrej Consumer is a sell with a stop loss at Rs 922, look for target of Rs 860 and a conditional sell on Larsen & Toubro (L&T) which has been an underperformer. If it breaks the pivot support at Rs 1,115-1,113, sell with a stop loss at Rs 1,131 for a first target of Rs 1,070,” he added.