Sell HDFC Bank; GAIL India may head higher: Mitesh Thacker

Mitesh Thacker of miteshthacker.com recommends selling HDFC Bank and feels that GAIL India may head higher.
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Oct 17, 2016, 11.23 AM | Source: CNBC-TV18

Sell HDFC Bank; GAIL India may head higher: Mitesh Thacker

Mitesh Thacker of miteshthacker.com recommends selling HDFC Bank and feels that GAIL India may head higher.

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Sell HDFC Bank; GAIL India may head higher: Mitesh Thacker

Mitesh Thacker of miteshthacker.com recommends selling HDFC Bank and feels that GAIL India may head higher.

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Mitesh Thacker (more)

, miteshthacker.com |

Mitesh Thacker of miteshthacker.com told CNBC-TV18, "I have a technical opinion on GAIL India . It has started some kind of a medium-term to longer-term uptrend. We have been very positive for the last few days and I would look at targets close to about Rs 465-470 to begin with in the next few weeks and possibly even higher levels."

" L&T Finance Holdings is something I would wait and watch. I do like the stock but maybe after having seen very strong rally on Friday, on a pullback would want to buy this one. Currently, I would recommend selling into HDFC Bank . The stock is slipping below key moving average at about Rs 1,260 level. So keeping a stop loss at Rs 1,265, I would want to look at targets of around Rs 1,220," he said.

"The other stock is Amara Raja Batteries , some intraday break down is over there. So even if it breaks Rs 1,028, maybe then short with a stop loss at Rs 1,042 for targets of around Rs 1,000."
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Sell HDFC Bank; GAIL India may head higher: Mitesh Thacker

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