According to Mitessh Thakkar of mitesshthakkar.com, one may buy Cadila Healthcare, Indian Bank, ACC and Syngene and can sell Petronet LNG.
Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "I have four buy calls and one sell call. The buy is on Cadila Healthcare where we had a good breakout which is a continuation of the earlier uptrend. So, I would buy with a stop loss at Rs 519, look for targets of around Rs 560. Indian Bank is a buy as well. Some good intraday signals are over there. So buy with a stop at Rs 307, look for Rs 334 kind of a target."
"ACC made a fresh 52-week high and had a good swing breakout. So that is a buy with a stop at Rs 1,730, look for Rs 1,810 kind of a target. Amongst the cash stock, I have a buy on Syngene, which had a very strong and a bullish candlestick pattern. So, buy with a stop at Rs 488 for target of Rs 520," he said.
"A solitary sell call on Petronet LNG, which has broken below the key levels of Rs 212, so sell with a stop at Rs 216 and look for declines to about levels of Rs 200," he added.
"I would look to buy into Arvind. The stock is giving a good continuation signal of the move on Friday. I would buy with a stop loss at about Rs 377-376.50 and look for a Rs 390-395 kind of a target very soon. Infosys is trying to capture the 200-day average properly, that could be a good buy, keep a slightly deeper stop loss at Rs 960 and look for Rs 1,015 kind of a target."
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