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Buy Just Dial, MRF, SAIL; sell HPCL: Mitesh Thacker

Mitesh Thacker of miteshthacker.com is of the view that one can buy Just Dial, MRF and SAIL and sell HPCL.

December 06, 2016 / 09:40 IST
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Mitesh Thacker of miteshthacker.com told CNBC-TV18, "I have a buy on Just Dial, which is after a big decline is possibly looking for a bounce back. Buy with a stop loss at Rs 374 for targets of Rs 396.""MRF is a buy as well. It had a good day yesterday, good candlestick patterns, so that is a buy with a stop loss at Rs 49,000 or thereabouts and look for targets close to about Rs 53,500,"he said."I also have a buy on Steel Authority of India (SAIL) with a stop loss at Rs 50 for a very short target of Rs 53 on the upside.""Hindustan Petroleum Corporation (HPCL) is clearly showing some negative set up on the chart. So, sell with a stop loss at Rs 442.25 or just above it and look for targets of Rs 410.""Sell Colgate Palmolive where I would want to take a conditional sell. If it breaks Rs 918, then sell with a stop loss at Rs 932 and look for targets of Rs 890."

first published: Dec 6, 2016 09:40 am

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