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Last Updated : Dec 13, 2016 10:01 AM IST | Source: CNBC-TV18

Sell Ajanta Pharma, UltraTech; buy J Kumar Infra, TNPL: Thacker

Mitesh Thacker of miteshthacker.com is of the view that one can sell Ajanta Pharma, JSW Steel and UltraTech Cement and buy J Kumar Infra and Tamil Nadu Newsprint and Papers.

Mitesh Thacker of miteshthacker.com told CNBC-TV18, "I have a couple of buy names on the cash side and sell names on the F&O side. Ajanta Pharma is a sell which was broken on the intraday charts. So, sell with a stop loss at Rs 1,865 for targets close to about Rs 1,760. A negative pattern is happening on JSW Steel's charts, that is a sell with a stop loss at Rs 1,655, look for targets of Rs 1,540. Third sell is on UltraTech Cement which has also once again broken below its 200-day average. That is a sell with a stop loss of Rs 3,496 or Rs 3,495 or above that and look for targets close to Rs 3,400."

"J Kumar Infra is a buy with a stop loss at Rs 195, look for targets of Rs 221. Also have a buy on Tamil Nadu Newsprint and Papers where we have seen some good technical observations on the positive side. So, buy with a stop loss at Rs 346 for targets close to about Rs 375," he said.
First Published on Dec 13, 2016 10:01 am