Oct 17, 2016 11:14 AM IST | Source: CNBC-TV18

Buy Tata Coffee, NIIT Tech; sell Dabur, Dish TV, JSPL: Thacker

Mitesh Thacker of is of the view that one can buy Tata Coffee and NIIT Tech and sell Dabur India, Dish TV and JSPL.

Mitesh Thacker of told CNBC-TV18, "I have two buy calls. First of them is a buy on Tata Coffee which has given a fresh swing breakout. So I would recommend a buy here with a stop at Rs 132 for targets of Rs 150."

"Buy NIIT Technologies, which has seen some good indicator crossovers. That is a buy with a stop at Rs 430 for targets of around Rs 460," he said.

"The rest three are sell calls. The first being a sell on Dabur India which has completed a pullback, it is getting into a sell mode again on the intraday charts. Good set up to sell with a stop loss at Rs 284 for targets of Rs 270."

"Dish TV appears to be making some kind of a bearish price pattern. So that is a sell as well with a stop loss at Rs 95.50 or just above it and look for targets of Rs 88."

"Final sell call is on Jindal Steel & Power where we have seen moving averages cross on the negative side, so that is a sell with a stop loss at Rs 79 for targets of Rs 71."

"I have a buy on DHFL with a stop loss at Rs 298.50 for targets of Rs 320 and HDFC Bank remains a sell with a stop loss at Rs 1,265 for targets of Rs 1,220."
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