Mitesh Thacker’s stock picks for today
August 4th, 2009
Mitesh Thacker, Technical Analyst, miteshthacker.com said there is good momentum in JSW Steel. “Rs 709 would be a good stop loss to protect your long positions. Rs 800 is the first target and Rs 820 is also a possibility.”
He sees Rs 1,550-1,575 being taken out on Financial Technologies in the short-term. “It could probably trade higher if the stock keeps on doing well for the next few days.”
From index heavyweights, he likes BHEL. “The short-term target would be at Rs 2,450 on the stock and stop loss could be just below the Rs 2,280 mark.