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Last Updated : Mar 01, 2017 10:27 AM IST | Source: CNBC-TV18

Buy Andhra Bank, BHEL; sell Bharat Financial, NIIT Tech: Thakkar

Mitessh Thakkar of miteshthacker.com suggests buying Andhra Bank, BHEL and Indiabulls Real Estate and advises selling Bharat Financial Inclusion and NIIT Technologies.

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "I have a mix of buy and sell calls. The buys are on Andhra Bank where I think there is some kind of a bullish price pattern formation which could happen. So, buy with a stop loss below Rs 54.50 and look for target close to about Rs 60.

""You couldn’t have missed Bharat Heavy Electricals (BHEL), yesterday I think the stock has had a very strong swing break out, so that is a buy with a stop loss at Rs 158, look for target of Rs 170."

"We also had some intraday buy signals on the chart of Indiabulls Real Estate, so I would recommend a buy here as well keeping a stop loss at Rs 78. Look for target of around Rs 86.

"Two sell calls- Bharat Financial Inclusion had some break down on the intraday chart, so sell with a stop loss at Rs 856 and look for target of Rs 816,"  he added. 

"NIIT Technologies as well that has broken down, so that is a sell with a stop loss at about Rs 424 and look for target close to about Rs 402."

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First Published on Mar 1, 2017 10:25 am
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