Moneycontrol
Oct 18, 2016 12:08 PM IST | Source: CNBC-TV18

Sell ACC, Hero Moto; buy Arvind, Ashok Leyland: Mitesh Thacker

Mitesh Thacker of miteshthacker.com recommends selling ACC and Hero Moto and advises buying Arvind, Ashok Leyland and Apollo Hospitals.

Mitesh Thacker of miteshthacker.com told CNBC-TV18, "I think ACC is not participating, it is trading at the weak structure, so keeping a stop loss at Rs 1,625, I would sell for targets of around Rs 1,550."

On the buy side, Arvind has given a good beginning. It can be bought with a stop loss at Rs 351 for targets of Rs 367," he said.

"Ashok Leyland had a good intraday buy set up and can be bought with a stop loss just below levels of around Rs 81.25 and I would look at targets close to about Rs 85 here."

"Apollo Hospitals is a buy with a stop loss at Rs 1,340 for targets of Rs 1,400. The one which I would like to sell is clearly Hero MotoCorp. The stock remains weak and would sell this one with a stop loss at about Rs 3,420 and look at targets of around Rs 3,350 on the downside."


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