HomeNewsBusinessStocksBuy Britannia, Hero Moto, NTPC; sell NIIT Tech: Mitessh Thakkar

Buy Britannia, Hero Moto, NTPC; sell NIIT Tech: Mitessh Thakkar

Mitessh Thakkar of miteshthacker.com suggests buying Britannia Industries, Hero MotoCorp and NTPC and advises selling NIIT Tech and Petronet LNG.

January 18, 2017 / 10:51 IST
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Mitessh Thakkar of miteshthacker.com told CNBC-Tv18, "I have mix of buys and sells. Buys are Britannia Industries which has given a good break out candlestick above 200-day moving average yesterday. Buy this one with a stop loss at Rs 2,970 for targets of Rs 3,090.""Hero MotoCorp is a buy as well, good set up and breakout on the intraday charts is there. That is a buy with a stop loss just below Rs 3,100, look for targets close to about Rs 3,200," he said."Clearly, all the power sector stocks are buzzing. NTPC is giving some continuation signals, it can head towards Rs 185-186, that is a buy with a stop loss below Rs 170.50.""On the sell side, I have two stocks. Clearly with the numbers, there were some kind of break down in NIIT Tech. So, sell with a stop loss at Rs 426, look for targets of Rs 395. In Petronet LNG, we are seeing some negative technical readings. It can be sold with a stop loss just above Rs 366.50 and Rs 346-345 could be a good short-term target."

first published: Jan 18, 2017 10:51 am

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