Moneycontrol
Dec 02, 2016 11:15 AM IST | Source: CNBC-TV18

Sell Arvind, Asian Paints: Mitesh Thacker

Mitesh Thacker of miteshthacker.com is of the view that one may sell Arvind and Asian Paints.

Mitesh Thacker of miteshthacker.com told CNBC-TV18, "Kotak Mahindra Bank after four days of taking support around 200-day average which was Rs 735-736 has broken down. So that could be a good shorting call. IndusInd Bank has broken down. So private sector banks are clearly having pressure."

"For the time being, I have two sell calls - Arvind with a stop loss at Rs 353 for targets of Rs 333 and Asian Paints with a stop loss at Rs 943 and look for the retest of Rs 900 levels," he added.
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