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Buy HT Media, Cummins; sell Century Tex: Mitessh Thakkar

Mitessh Thakkar of miteshthacker.com is of the view that one may buy HT Media and Cummins India and advises selling Century Textiles and Dr Reddy's Laboratories.

January 16, 2017 / 15:37 IST
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Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "I have a mix of buy and sells and the buys are on HT Media wherein we had signals of upmove on Friday, should see continuation, that is a buy with a stop loss of Rs 76, look for targets of Rs 86.""DLF has seen a very narrow consolidation, if it starts getting past Rs 126.50-126.25, there will be a break out. So buy above that, keep a stop loss at Rs 123, look for targets of Rs 135," he said."Final buy call is on Cummins India which has managed to get past the 200-day average, that is a buy with a stop loss at Rs 832 and look for targets of Rs 895.""Century Textiles is a sell, some intraday break down is over there. So, sell with a stop loss at Rs 820, look for targets close to Rs 770. Dr Reddy's Laboratories is seeing a continuation gap down signals, so I would sell this one with a stop loss at Rs 3,006 and look for targets close to about Rs 2,900."

first published: Jan 16, 2017 09:34 am

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