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Sell Apollo Hospitals, OBC, Voltas; buy Dabur: Mitesh Thacker

Mitesh Thacker of miteshthacker.com recommends selling Apollo Hospitals, Karnataka Bank, Oriental Bank of Commerce and Voltas and buy Dabur India.

November 03, 2016 / 10:04 IST
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Mitesh Thacker of miteshthacker.com told CNBC-TV18, "I have more of sell side ideas since yesterday. Today also I have got four sells and one buy. Sell is on Apollo Hospitals where we have seen a gap break down; I think the entire market gapped down yesterday and with the gap breakdown also violated some weekly levels. So, sell with a stop loss at Rs 1,331 and look for Rs 1,245 as the target." "A similar setup happened on Karnataka Bank and I think PSU banking stocks the weakest. I have two of them in my sell list, so Karnataka Bank is a sell with a stop loss at Rs 121 for targets of Rs 108," he said."Oriental Bank of Commerce (OBC) is a sell with a stop loss at Rs 124 and I would look for targets of around Rs 113. The final sell call is on Voltas where we have seen some indicator breakdown, so that is a sell with a stop loss at Rs 380 for targets of around Rs 355.""The solitary buy call which I have is Dabur India with a stop loss at Rs 290 for targets of Rs 305."

first published: Nov 3, 2016 10:04 am

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