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May 15, 2017 09:14 AM IST | Source: CNBC-TV18

Buy Bharat Financial, Engineers India, ICICI Bank, Tech Mahindra: Mitessh Thakkar

Mitessh Thakkar of mitesshthakkar.com suggests buying Bharat Financial, Engineers India, ICICI Bank and Tech Mahindra while he has a conditional sell on IGL.

Mitessh Thakkar of mitesshthakkar.com told CNBC-TV18, "I have mainly buy calls and one sell call. I have a buy on Bharat Financial which had a good intraday chart. So buy with a stop loss at Rs 777 and look for target close to about Rs 832."

"A buy on Engineers India (EIL) which after a few days of consolidation is now very close to support levels. So keep a stop loss just below Rs 163 and look for target of around Rs 175," he said.

"A buy on ICICI Bank which again after a good rally appears to be giving some pullback. So, these are good levels to enter again. Buy with a stop loss at Rs 289 and look for Rs 310 kind of target."

"Also a buy on Tech Mahindra amongst the IT stocks. I would buy with a stop loss at Rs 435 for target of Rs 460."

"The solitary sell call which I have is on Indraprastha Gas (IGL). It is a conditional sell. I would want to see the stock break below Rs 985 and then take a short position, keep a stop then at Rs 1,011 and look for target close to about Rs 935," he added.

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