Moneycontrol
Jan 12, 2017 09:41 AM IST | Source: CNBC-TV18

Buy BoI, Dalmia Bharat, IDFC, Page Industries: Mitesh Thacker

Mitesh Thacker of miteshthacker.com is of the view that one can buy Bank of India, Dalmia Bharat, IDFC and Page Industries and has a conditional buy on Lupin.

Mitesh Thacker of miteshthacker.com told CNBC-TV18, "Lupin has underperformed and gone through a massive correction in the last few months. It has done a strong base building. So, I have got a conditional buy. It needs to get past its 200-day average (DMA) above Rs 1,530-1,531. If that happens, clearly the market participants are not taking it negatively for the stock price. So, if it breaks Rs 1,531, I would be a buyer with a stop loss at Rs 1,509 and look for targets of Rs 1,580."

"I have a buy on Bank of India. In the last two days, the private sector banks have had a good rally and now the PSU banks are joining in. So, Bank of India has had some good crossovers, that is a buy with a stop loss at Rs 110. Look for targets of Rs 124," he said.

"Also a buy on Dalmia Bharat, a very good candlestick break out is there. So, buy with a stop loss at Rs 1,625, look for targets of Rs 1,850."

"IDFC is a buy as well. Keep a stop loss at Rs 55.50, look for targets of Rs 60 and Page Industries with a stop loss below Rs 13,950 for a trading target of around Rs 14,800."
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