Moneycontrol
Dec 01, 2016 09:46 AM IST | Source: CNBC-TV18

Buy ACC, Infosys, TVS Motor; sell Apollo Hospitals: Thacker

Mitesh Thacker of miteshthacker.com is of the view that one can buy ACC, Infosys, Reliance Capital and TVS Motor and sell Apollo Hospitals.

Mitesh Thacker of miteshthacker.com told CNBC-TV18, "I have been recommending buys on UltraTech Cement earlier, I think ACC is something which I like from a trading perspective with a short-term buy. I am recommending a buy with a stop loss at Rs 1,323 for targets of Rs 1,380."

"The buys are on Infosys, we did see some kind of bounce back from IT couple of days back and have seen about 3-4 days of consolidation. Most of these stocks have completed a pullback to intraday averages, so Infosys is what I have selected as a buy with a stop loss at Rs 960 for targets of Rs 1,010," he said.

"Amongst the high beta names, Reliance Capital which has finally started sustaining above the 200-day average could be an interesting bet, so buy with a stop loss at Rs 431 and look for targets of Rs 455."

"In auto, I have picked up TVS Motor with a stop loss at Rs 367 for targets of around Rs 390. I also have one sell call on Apollo Hospitals which did break down on intraday charts yesterday. So, I would sell this one with a stop loss at Rs 1,214 for targets of Rs 1,160."

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