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Buy ACC, Arvind, Adani Enterprises, Indiabulls Housing Finance; sell Lupin: Mitessh Thakkar

According to Mitessh Thakkar of miteshthacker.com, one can buy ACC, Arvind, Adani Enterprises and Indiabulls Housing Finance and sell Lupin.

April 24, 2017 / 11:29 IST

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "I like the cement pack. Apart from the recommendations which I have right now, I think ACC is something which has broken above the previous high with some kind of a gap. It is a good setup. This one can be bought with a stop loss below Rs 1,520 for target of around Rs 1,595-1,600."

"Buy Arvind with a stop loss at Rs 399 for target of Rs 418. Lupin is finally breaking below that Rs 1,410-1,400 support zone. So, keep a stop loss at Rs 1,410 and sell for target of around Rs 1,350," he said.

"I would buy Adani Enterprises with a stop loss below Rs 147 and look for Rs 175 kind of a target."

"Indiabulls Housing Finance is making a fresh high with a very good intraday setup. So, I would buy that one as well. Keep a stop loss below Rs 990 and look for target of around Rs 1,050."

first published: Apr 24, 2017 11:27 am

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