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Last Updated : Feb 21, 2017 11:01 AM IST | Source: CNBC-TV18

Buy HCL Technologies, Karnataka Bank: Mitessh Thakkar

Mitessh Thakkar of recommends buying HCL Technologies and Karnataka Bank while he feels that above Rs 1020, Infosys may head to Rs 1080.

Mitessh Thakkar of told CNBC-TV18, "Infosys is close to a very important leve; Rs 1,010-1,015 is the range where we have seen the stock in the last few weeks. So if it sustains above Rs 1,020 today, my sense is that the stock is heading towards Rs 1,060 and possibly Rs 1,080 on the upside. So from a trading point of view, Infosys will be definitely on the watch list."

"HCL Technologies in the technology sector looks good. That is one stock, which is showing signals of continuation. So", I would look at buying that one with a stop loss below Rs 840, look for Rs 865 as the short-term target,"he said.

"Karnataka Bank amongst the private sector banks is showing a very positive chart pattern. So, that can be bought with a stop loss at Rs 119 and look for target of Rs 130."

"I have two buy calls, first is a buy on Punjab National Bank (PNB) with a stop loss at Rs 139, look for target of Rs 155."

"Amongst the IT names, I do like Infosys as a buy. It has managed to sustain above Rs 1,050 mark, so keep a stop loss at Rs 999, look for target of around Rs 1,055.

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First Published on Feb 21, 2017 10:20 am
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