HomeNewsBusinessStocksBuy HCL Tech on declines, like Apollo Hospitals: Mitesh Thacker

Buy HCL Tech on declines, like Apollo Hospitals: Mitesh Thacker

Mitesh Thacker of miteshthacker.com is of the view that one can buy HCL Tech on declines and likes Apollo Hospitals.

August 08, 2016 / 11:25 IST
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Mitesh Thacker of miteshthacker.com told CNBC-TV18, "I would want to observe Infosys very closely, if it breaks Rs 1,065-1,060, it could continue to decline and we could see levels of around Rs 1,010 on the downside. The only one that I like possibly to a certain extent has been HCL Technologies but after that result, it is just taking time to consolidate. So on a decline, I would be a buyer but otherwise Infosys is something which I have marked for selling out.""Tech Mahindra and Wipro are not giving clear trending signal, so I would avoid them," he said."Tata Global Beverage remains in an uptrend today and giving some fresh signals on the intraday charts, so maybe I would be a buyer with a stop loss just below Rs 138 and look at Rs 148-149 as the next call.""Ceat is giving a good breakout above Rs 912 - important pivot level being crossed. So, one could buy the stock below Rs 900 for targets of around Rs 915.""I like Apollo Hospitals which has given a good breakout today. Good volumes are happening there, so would buy this one with a stop loss below Rs 1,360 for targets close to about Rs 1,420.""NBFC as a space has been buzzing. We have seen stocks moving out. The one which I like a lot is Muthoot Finance. After five days of consolidation, it is showing a good pattern on the upside. If it can get pass the intraday level of around Rs 365, I think today only the stock can head towards Rs 375-380 and possibly higher levels in the coming months."

first published: Aug 8, 2016 11:25 am

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