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HomeNewsBusinessSell Dish TV, Glenmark Pharma; buy HDFC Bank, L&T, PVR, GAIL, Petronet: Mitessh Thakkar

Sell Dish TV, Glenmark Pharma; buy HDFC Bank, L&T, PVR, GAIL, Petronet: Mitessh Thakkar

Mitessh Thakkar of mitesshthakkar.com recommends selling Dish TV and Glenmark Pharma and advises buying HDFC Bank, Larsen and Toubro and PVR.

September 11, 2017 / 12:38 IST

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "I have Dish TV and Glenmark Pharma as my sell side calls. So, in case the market phases supply at higher levels, I would suggest selling Dish with a stop loss at Rs 79.50 for targets close to about Rs 70. Glenmark made a fresh low, so I would sell that with a stop loss at Rs 596 for targets of around Rs 550."

"HDFC Bank has managed to reverse from strong support of Rs 1,740 and has given a good intraday signal. So, that is a buy with a stop loss at Rs 1,769 for target of Rs 1,825. Larsen and Toubro (L&T) had a very strong pricing volume day on Friday, that is a buy with a stop loss at Rs 1,145 for target of Rs 1,225."

"PVR is a buy as well. Keep a stop loss below Rs 1,330 for targets close to about Rs 1,440," he added.

"Jain Irrigation opened with a big gap up, that could see good momentum, so keep a stop loss below Rs 104-104.50 and look for targets close to about Rs 115."

"Britannia Industries is making a fresh high. That continues to show strength. So I would want to see it get past levels of Rs 4,330-4,340 and then take a trade with a stop loss below Rs 4,290, look for Rs 4,500 kind of a target."

"I would buy GAIL India with a stop of Rs 387 for target of Rs 415. Petronet LNG is a buy with a target of Rs 245-250."

first published: Sep 11, 2017 10:56 am

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