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

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

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

Mitesh Thacker of miteshthacker.com 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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