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Tune in on 17th July for the Small Business Virtual Summit with Cisco. Register now!
Last Updated : Dec 26, 2017 03:14 PM IST | Source: CNBC-TV18

Buy DLF on dips; RBL Bank may test Rs 530: Mitessh Thakkar

Mitessh Thakkar of mitesshthakkar.com is of the view that one may buy DLF on dips.

CNBC TV18 @moneycontrolcom

Mitessh Thakkar of mitesshthakkar.com told CNBC-TV18, "SAIL was one of the morning call which we had, clearly a good breakout taking place over there. My sense is that it is heading towards Rs 95 plus levels. For the time being two fresh calls which I have that is a buy on RBL Bank with a stop at Rs 511 for target of Rs 530. MRPL, we had a call on ONGC earlier. MRPL is joining the rally, so that is a buy with a stop at Rs 127 for targets of Rs 138."

He further added, "DLF is making those higher highs for quite some time now. I am not sure this is a best level to enter a fresh trade unless until you want to keep your risk at about Rs 245 levels which is just below the day’s low. Overall the medium term chart suggest that the stock is likely to head towards Rs 275-277 zone and that is where the stock might take a breather. So for the time being the trend is up maybe on a decline this is what I want to buy into."
First Published on Dec 26, 2017 03:13 pm
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