Hold Thomas Cook, MCX India

December 12, 2017

In the view of veteran analysts, the prospects for Thomas Cook are good. The sector is in as well as it has grown faster. For this reason, technical analysts like the stock. This is part of the consumption sort of a play and an inspirational sort of a play.

Various analysts believe that there is an upside from current levels as well especially for next two or three-year horizon. Therefore, that would be your target, closer to Rs 310-315 and maybe that is where one could look to exit.

On the other hand, MCX India actually took support around Rs 900 and if you look at the weekly chart, it suggests that there is a probable reversal taking place, bullish reversal taking place.

It is suggested to hold MCX India with a stoploss below Rs 900 on the closing price basis.

On the upside, till such time it clears Rs 1,060, you cannot be too certain about a continuous uptrend, a sustainable uptrend. However, a pullback towards Rs 1,060 is definitely likely, that is what it appears to be at this point in time given the kind of end of day chart pattern that is developing

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