Buy Zee Telefilms, Colgate: Mitesh Thacker

Mitesh Thacker, Technical Analyst, miteshthacker.com, in a chat with ET Now, gives his views on stock ideas for today

What are the trading ideas for the day?


I have got a couple of buy calls and a single sell call. The first buy is on Zee Telefilms. We saw a stock with a new swing high with good volumes.

It could extend the up move to the levels of about 150 to 155 and long positions can be taken with a stop at about 138.

The second one is buy call on Colgate. We have seen the FMCG index do extremely well. Colgate is just on the verge of breakout at 920-925 levels. Buy it with a stop of 895 for the minimum targets for 970 and the third one is again a buy call on AB Nuvo.

The stock declined yesterday, it has again come back closer to support areas and buying areas. This stock remains in a medium term uptrend. So any dips like this could be good buying opportunities. Buy with a stop of 879, price targets of 960.

The last one is a sell, Cummins India where we are seeing some weakness happening over there. There is a channel breakdown. I suspect this stock could go down to 640 and that short positions can be taken with a stop of 700.