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Buy Indraprastha Gas, Fortis Healthcare, Dabur India; sell NTPC: Mitessh Thakkar

Mitessh Thakkar of miteshthacker.com is of the view that one can buy Indraprastha Gas, Fortis Healthcare and Dabur India and sell NTPC.

April 18, 2017 / 12:02 IST

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "I have mix of buy and sell ideas, more on the buy side given the fact that we are close to 9,125-9,130 zone. Indraprastha Gas (IGL) is a buy, it has made a fresh swing high, so that is a buy with a stop loss at Rs 1,040 for target of Rs 1,110."

"I also have a buy on Fortis Healthcare, it was a buy yesterday as well but if somebody has missed it, I think the stock has made a fresh breakout above the earlier highs of Rs 190-200 on a weekly chart. So, buy with a stop loss just below Rs 194.50 and look for Rs 220 as the first target," he said.

"A buy on Dabur India with a stop loss at Rs 287.50 and I would look for target of Rs 305. Amongst the other midcap names, HCL Infosystems is showing signs of bottoming out, lot of positive crossovers are there. So, that is a buy with a stop loss at Rs 55 for target of Rs 63.50."

"A solitary sell call on NTPC. I would keep a stop loss at Rs 163.50 and look for target of around Rs 152."

"I like GAIL India, that is a buy with a stop loss at Rs 393 for target of Rs 418. Insecticides India has come off slightly, buy with a stop loss at Rs 570 for target of around Rs 615."

first published: Apr 18, 2017 09:16 am

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