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Mar 16, 2017 04:44 PM IST | Source: CNBC-TV18

Buy Ceat, Cipla, Siemens, Ajanta Pharma, Ipca Labs: Mitessh Thakkar

Mitessh Thakkar of miteshthacker.com suggests buying Ceat, Cipla, Siemens, Ajanta Pharma and Ipca Labs.

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "I have all four buy calls, a few of them coming from the pharma side. That is one sector which has given a good trading signal yesterday but the first one is Ceat, all the tyre stocks were buzzing. Ceat has had a good pricing volume breakout. So I would buy this one with a stop loss at Rs 1,194 for target of Rs 1,280."

"Cipla has given a mild breakout from consolidation, so it could head towards Rs 615, buy this with a stop loss at Rs 592. Siemens had a very strong and bullish candlestick pattern again. So, that is a buy with a stop loss at Rs 1,230, look for target of Rs 1,295," he said.

"Ajanta Pharma given a good intraday reversal after underperformance. So, buy with a stop loss at Rs 1,724, look for target close to about Rs 1,800. Amongst the midcap names, IPCA Labs has had some very positive crossovers on the indicative chart. So, I would be a buyer here with a stop loss at Rs 548 for target of Rs 595," he added.

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