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    HomeNewsBusinessBuy SBI, IDBI Bank, Corporation Bank, IRB Infra; sell Ujjivan: Mitessh Thakkar

    Buy SBI, IDBI Bank, Corporation Bank, IRB Infra; sell Ujjivan: Mitessh Thakkar

    Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy SBI, IDBI Bank, Corporation Bank and IRB Infra and can sell Ujjivan Financial Services.

    May 02, 2017 / 09:15 IST

    Mitessh Thakkar of mitesshthakkar.com told CNBC-TV18, "I have a few names from the banking side. I have IDBI Bank which is a buy with a stop loss below Rs 75.80 for target of Rs 84. State Bank of India (SBI) which has bounced back nicely from the support levels could be bought with a stop loss below Rs 282 with target of Rs 305."

    "Corporation Bank which is giving continuation signals of an earlier upmove, that I would buy with a stop loss below Rs 56 for target of around Rs 64," he added.

    "I own IRB Infra, I would recommend buying this one with a stop loss at Rs 254 for target of around Rs 272. A solitary sell call is on Ujjivan Financial Services which is breaking below the support zone of Rs 385. So, sell with a stop loss at Rs 390 and look for Rs 360-362 kind of a target."

    first published: May 2, 2017 09:15 am

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