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HomeNewsBusinessSell Aditya Birla Nuvo, Page Industries; buy HDFC, SRF, Gayatri Projects: Mitessh Thakkar

Sell Aditya Birla Nuvo, Page Industries; buy HDFC, SRF, Gayatri Projects: Mitessh Thakkar

Mitessh Thakkar of miteshthacker.com suggests selling Aditya Birla Nuvo and Page Industries and advises buying HDFC, SRF and Gayatri Projects.

April 17, 2017 / 09:23 IST

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "I have a mix of buy and sell calls. I have a sell on Aditya Birla Nuvo where I would suggest selling if it breaks the pivot levels of Rs 1,517-1,516. So, sell below Rs 1,515, keep a stop loss at Rs 1,536 and look for decline to levels of about Rs 1,475."

"The second sell call is on Page Industries where we have seen some indicators cross on the negative side suggesting price could correct as well. So that is a sell with a stop loss at Rs 14,400 and look for a target of around Rs 13,500."

"Few buy calls – HDFC has come down to an important support level of around Rs 1,460-1,470 zone. So buy with a stop loss below Rs 1,454, look for a bounce back to about Rs 1,515-1,520 levels. Couple of midcap names, I have a buy on SRF with a stop loss at Rs 1,660 for target of Rs 1,735."

 "Gayatri Projects made a fresh swing high, a very strong breakout happening on Thursday. That is a buy with a stop loss at Rs 148 for target of Rs 172.""

first published: Apr 17, 2017 09:21 am

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