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Last Updated : Sep 12, 2016 09:28 AM IST | Source: CNBC-TV18

Sell Dabur India, Just Dial, Jubilant Foodworks: Mitesh Thacker

Mitesh Thacker of miteshthacker.com recommends selling Dabur India, Just Dial and Jubilant Foodworks.

Mitesh Thacker of miteshthacker.com told CNBC-TV18, "I have three sells and two buys and obliviously with the gap down you will have to adjust the levels. So, I am giving the stop loss and the targets for the sell calls and people after the opening can look at rates and decide whether it is good risk reward equation to get into the trades still."

"The sells are on Dabur India where I would suggest selling with stop loss at Rs 297 for target of Rs 278. An opening around Rs 290 still would possibly give you risk reward equation. Similarly, I have a sell on Just Dial with a stop loss at Rs 496 for targets of Rs 461. A percent or down opening will still possibly induce me to take the trade," he said.

"A sell on Jubilant Foodworks, it has been the stock in the news post the numbers. I think that remains negatively biased. Sell with a stop loss of just above Rs 1,101 and look for targets of around Rs 1,020."

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First Published on Sep 12, 2016 09:12 am
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