Jan 11, 2017 09:36 AM IST | Source: CNBC-TV18

Buy HDFC Bank, MRF, Adani Ports, Fortis Health: Mitesh Thacker

According to Mitesh Thacker of miteshthacker.com, one can buy HDFC Bank, MRF, Adani Ports, Fortis Healthcare and Hindustan Copper.

Mitesh Thacker of miteshthacker.com told CNBC-TV18, "HDFC Bank has broken out of sideways consolidation and managed to get past the 200-day average decisively. I would buy with a stop loss at Rs 1,200 for the first trading target of around Rs 1,240."

"The other stocks are all buy calls as well. MRF is something which appears to have broken out of a contracting pattern. So, I would look at a first target of Rs 54,000 though I suspect if that is crossed, we are looking at a strong possibility of Rs 59,000 being tested over here. For the time being, I would buy this one with a stop loss at Rs 52,500," he said.

"Adani Ports was very active, it gave a good break out yesterday. That is a buy with a stop loss at Rs 287, look for targets of Rs 305."

"Fortis Healthcare is something which I have been very positive upon. It is giving continuation signals, so buy with a stop loss at Rs 194, look for targets of Rs 215. Hindustan Copper has a very similar set up to Fortis. That is a buy with a stop loss at Rs 64, look for targets of around Rs 75-76."

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