Buy Colgate Palmolive, HDFC; short Allahabad Bank: Mitessh Thakkar

Name: Buy Colgate Palmolive, HDFC; short Allahabad Bank: Mitessh Thakkar
Uploaded: 2017-05-29T15:38:28+05:30
Description: Mitessh Thakkar of miteshthacker.com suggests buying Colgate Palmolive and HDFC and advises shorting Allahabad Bank.

Mitessh Thakkar of miteshthacker.com suggests buying Colgate Palmolive and HDFC and advises shorting Allahabad Bank.

May 29, 2017 / 16:54 IST

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "Colgate Palmolive is a buy with a stop loss of Rs 1004 target of Rs 1050."

"HDFC is also a buy with a stop loss of Rs 1584 for target of Rs 1625," he said.

"If somebody wants to take a position, Allahabad Bank and Andhra Bank are both breaking into fresh swing lows in the last few days. If you take the last three weeks of data, I think they are making fresh lows. So, in Allahabad Bank I would be comfortable shorting, keeping a stop loss just about Rs 73.50 and I would play for target of around Rs 64-62 over there."

first published: May 29, 2017 03:38 pm

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