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Last Updated : Feb 03, 2017 11:03 AM IST | Source: CNBC-TV18

Buy Indiabulls Housing, RComm, OBC, Andhra Bank: Mitessh Thakkar

Mitessh Thakkar of miteshthacker.com suggests buying Indiabulls Housing Finance, Reliance Communications, Oriental Bank of Commerce and Andhra Bank.

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "Indiabulls Housing Finance is on the radar. Apart from Glenmark Pharma, which has had a strong opening, Indiabulls Housing has a very strong intraday charts. If somebody wants to possibly play for today and tomorrow, I think this could be an interesting bet. Keep a stop loss below Rs 785, look for targets of around Rs 830."

"The other stock which could be giving a reversal after the Idea Cellular deal is Reliance Communications which is 4 percent up today and opened with a gap, interesting short-term set up. So, buy with a stop loss below Rs 34, there is a rupee risk involved but I think Rs 37-37.50 could happen in the next four-five days," he said.

"I believe couple of PSU banking names could be very good. That entire sector is looking strong to me. Oriental Bank of Commerce (OBC) is a fresh buy with a stop loss at Rs 123, for targets of Rs 134. Andhra Bank is another stock which I like a lot. Buy with a stop loss below Rs 53, look for Rs 58-59 as the first target."
First Published on Feb 3, 2017 10:41 am
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