Oct 15, 2016 03:40 PM IST | Source: CNBC-TV18

Sell Andhra Bank, Dish TV; buy DHFL: Mitesh Thacker

Mitesh Thacker of advises selling Andhra Bank, Dish TV and suggests selling DHFL.

Mitesh Thacker of told CNBC-TV18, "Tata Consultancy Services (TCS) is at a very interesting level, when the company sometime in early September suggested a downgrade or downward revision of the projections, the stock bottom out at around Rs 2,320 mark and today also managed to hold on to that level on a closing basis."

"My sense is that there could be some kind of a base formation happening over here between levels of around Rs 2,320 to about Rs 2,440 and if these two levels held out for some time, then we can see some kind of upward reversal."

"Infosys on the other hand while had a very choppy day, but on a trend basis the stock is practically doing nothing. It is still trading between range of about Rs 1,010-1,060. Today it went passed both the levels on intraday basis and managed to close in middle of the range. I don’t have any signals on trend side as yet, so my belief is that this range of 50 points might continue for next 3 weeks to come by."

"Andhra Bank is a sell below Rs 55.5, with a stoploss at Rs 58 for target of Rs 50. A sell on Dish TV with a stoploss at Rs 95.5 for target of around Rs 88 and one buy call that is on Dewan Housing Finance Corporation (DHFL) which ended the day very strongly that is a buy above Rs 304, keep a stoploss at Rs 297 and look for target of Rs 325," he said.
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