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Last Updated : Nov 23, 2016 10:01 AM IST | Source: CNBC-TV18

Buy Ceat, DLF, LIC Housing, Tata Comm; sell Kotak Bank: Thacker

Mitesh Thacker of recommends buying Ceat, DLF, LIC Housing Finance and Tata Comms and advises selling Kotak Mahindra Bank.

Mitesh Thacker of told CNBC-TV18, "It is mostly some of the stocks which are looking possibility to give a pullback after intraday reversal. So, I have a buy on Ceat which can be bought with a stop loss at Rs 1,134. Look for pullbacks to about Rs 1,190. Similarly, DLF is a buy with a stop loss below Rs 109 or Rs 108.80 and I would look at a target of Rs 117 on the upside."

"LIC Housing Finance is something which has given some kind of reversal after base building at 200-day average. So, it can be bought with a very tight stop loss at Rs 514 and I would want to buy once it crosses Rs 521.50 and then look for target of Rs 536," he said.

"Tata Communications is a buy with a stop loss at Rs 612 for targets of Rs 655 and a solitary sell is on a Kotak Mahindra Bank if I get it around Rs 774 or Rs 775 zone, sell with a stop loss at Rs 791 for targets of around Rs 735."

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First Published on Nov 23, 2016 10:01 am
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