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Last Updated : Jun 13, 2017 10:15 AM IST | Source: CNBC-TV18

Sell Bajaj Auto, Andhra Bank; buy BASF India, HSIL, Persistent: Mitessh Thakkar

Mitessh Thakkar of mitsshthakkar.com advises selling Sell Bajaj Auto and Andhra Bank.

Mitessh Thakkar of mitsshthakkar.com told CNBC-TV18, "I have two sell calls, mainly on the F&O side and three buy calls on the cash side. Andhra Bank is a conditional sell. The pattern is weak like we saw couple of public sector undertaking (PSU) banks correcting yesterday, so if it breaks Rs 57.80, sell with a stoploss at Rs 59 and look for a target of around Rs 55."

"Bajaj Auto is a sell as well, keep a stoploss around Rs 2,860 look for target close to about Rs 2,750."

"BASF India made a fresh swing breakout, that is a buy with a stoploss at Rs 1,420, look for target close to about Rs 1,540. HSIL seen good pricing volume breakout, this chart set up is quite strong, so buy with a stoploss below Rs 364, look for more than Rs 400 target."

"Persistent Systems is something which in the IT name continues to get into a stronger zone shows continuation signals, so I would buy this one with a stoploss at Rs 640 for target of around Rs 690," he added.
First Published on Jun 13, 2017 10:03 am