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Last Updated : Dec 07, 2016 09:56 AM IST | Source: CNBC-TV18

Buy Adani Transmission,CARE Ratings, Nalco; sell Dabur: Thacker

According to Mitesh Thacker of miteshthacker.com, one can buy Adani Transmission, Credit Analysis and Research and Nalco and sell Dabur India.


Mitesh Thacker of miteshthacker.com told CNBC-TV18, "I have most of the buys on the midcap side and, couple of sell calls. The buys are Adani Transmission which after completing a good pullback, yesterday had a very strong candlestick pattern suggesting the uptrend has restarted. So, buy with a stop loss at Rs 55, look for targets of Rs 70."

"Pricing volume break out is observed in Credit Analysis and Research. That is a buy with a stop loss at Rs 1,420 for targets of Rs 1,600 and Nalco is also a buy with a stop loss at Rs 57.50 for targets of Rs 70," he said.

"Dabur India had a breakdown yesterday, a reversal from positive set up, so sell with a stop loss at Rs 285, look for targets of Rs 271. A conditional sell on DCB Bank, if it breaks Rs 106 or Rs 106.25, then sell with a stop loss at Rs 108.50 and look for a retest of 200-day average which is at Rs 102."

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First Published on Dec 7, 2016 09:56 am
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