According to Mitesh Thacker of miteshthacker.com, one can buy Tata Consultancy Services and short Larsen & Toubro and Siemens.
Mitesh Thacker of miteshthacker.com told CNBC-TV18, "I am taking a dual approach, long on IT - we had a call on HCL Tech in the morning, Tata Consultancy Services (TCS) is also giving a buy signal. So, that would be a good trading bet on the long side. I would buy this one with a stop just below levels of Rs 2,670 for targets of around Rs 2,760."
"While on the short side, Larsen & Toubro (L&T) and Siemens - the capital goods majors look weak and I would take a short trade over there,' he added.The Great Diwali Discount!
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First Published on Aug 11, 2016 11:27 am