HomeNewsBusinessStocksBuy Torrent Power, Marico, ABB, Firstsource; sell ONGC: Thakkar

Buy Torrent Power, Marico, ABB, Firstsource; sell ONGC: Thakkar

Mitessh Thakkar of miteshthacker.com suggests buying Torrent Power, Marico, ABB and Firstsource Solutions and advises selling Oil and Natural Gas Corporation.

February 08, 2017 / 09:57 IST
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Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "I have a buy on Torrent Power, which had a good swing break out yesterday. That is a buy with a stop loss below Rs 203.50 for target of Rs 224.""Yesterday, Marico was the most buzzing stock in the FMCG space, big bullish break out candlestick pattern plus good addition in the open interest (OI). I would buy this one with a stop loss at Rs 261, look for target of Rs 286," he said."I have a buy on ABB which showed some follow-up breaking above the 200-day average. So, buy with a stop loss below Rs 1,160, look for target of Rs 1,240.""Firstsource Solutions is another stock which had a very similar set up. That is a buy with a stop loss below Rs 41.50 and I would look for target of around Rs 47," he added."I have a solitary sell call on Oil and Natural Gas Corporation (ONGC) where we are seeing some minor break down on the intraday chart. So, sell with a stop loss at Rs 197.50, look for a decline to about level of Rs 186."

first published: Feb 8, 2017 09:44 am

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