HomeNewsBusinessStocksBuy Biocon, Godrej Ind, LIC Housing; sell Divis Labs: Thacker

Buy Biocon, Godrej Ind, LIC Housing; sell Divis Labs: Thacker

Mitesh Thacker of miteshthacker.com recommends buying Biocon, Godrej Industries, LIC Housing Finance and Indo Count Industries and advises selling Divis Labs.

December 30, 2016 / 09:38 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

Mitesh Thacker of miteshthacker.com told CNBC-TV18, "I have more of buy calls. Biocon apparently has given some kind of break out on the intraday charts. So, that is a buy with a stop loss of Rs 924, look for targets of Rs 980. Godrej Industries is still showing signs of continuation on the upside. So, buy now with stop loss at Rs 419 for targets of Rs 440.""I also have a buy on LIC Housing Finance. Keep a stop loss at Rs 548, look for a short target of Rs 573 on the upside. Indo Count Industries is a buy as well. Look for targets of around Rs 173.50 and trade long with a stop loss at Rs 158," he said. "I have a sell call on Divis Laboratories. We did see two days of bounce back and post that bad news and the big fall and yesterday we had a continuation bearish candlestick pattern. So, apparently the downtrend is likely to resume. So sell this one, keep a stop at Rs 805 and Rs 760 is the downside target."

first published: Dec 30, 2016 09:38 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!