Moneycontrol
Nov 30, 2016 09:35 AM IST | Source: CNBC-TV18

Buy Bharti Airtel, Idea Cellular, ; sell Marico: Mitesh Thacker

According to Mitesh Thacker of miteshthacker.com, one can buy Bharti Airtel and Idea Cellular and sell Marico.

Mitesh Thacker of miteshthacker.com told CNBC-TV18, "Bharti Airtel and Idea Cellular are showing signs of good and steady uptrend. So Bharti has been a recommendation for the last few days as well, currently can be bought with a stop loss at Rs 317.50 for targets of Rs 338."

"Idea Cellular is also a buy with a stop loss at Rs 76.50. I would look for targets of around Rs 84.50-85 on the upside. Third and final buy call is on Biocon. It has had a very strong candlestick pattern yesterday. There is more upside. So buy with a stop loss at Rs 900, look for targets of Rs 955,"he said.

"Two sell calls, one of them is Ïndraprastha Gas (IGL), which is conditional sell. There are signs of profit booking there. So if it breaks Rs 816, sell with a stop loss at Rs 834, look for targets of Rs 785. Marico is also a sell with a stop loss at Rs 253.50 and I would look for targets of around Rs 238."

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