Feb 16, 2017 09:45 AM IST | Source: CNBC-TV18

Sell DHFL, Delta Corp, PFC; buy Marico: Mitessh Thakkar

Mitessh Thakkar of suggests selling Dewan Housing Finance, Delta Corp and Power Finance Corporation and advises buying Marico.

Mitessh Thakkar of told CNBC-TV18, "I have a sell on Dewan Housing Finance (DHFL) when some kind of minor break down has taken on the intraday charts. So, sell with a stop loss at Rs 299, look for a smaller target of Rs 286. Marico is a buy, it has come back to very important support zone. So, keeping a stop loss below Rs 260, I would buy this one for short-term target of Rs 275."

"Delta Corp is a clear breakdown case, so the stock can be sold now. Keep a stop loss at Rs 123, look for Rs 105-104 as the first target. I also have a sell on Power Finance Corporation (PFC) where I would suggest selling at minor gap up, so Rs 128-129 is a good level to go short, keep a stop loss around Rs 132.75 and look for target of Rs 121. If Titan Company comes around Rs 408, I would want to buy this one with a stop loss at Rs 399 and look for a retest of Rs 430," he said.

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