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Last Updated : Oct 28, 2016 09:45 AM IST | Source: CNBC-TV18

Sell DLF, IndusInd Bank, Infosys; buy IIFL, Vijaya Bank: Thacker

Mitesh Thacker of miteshthacker.com is of the view that one can sell DLF, IndusInd Bank and Infosys and buy IIFL Holdings and Vijaya Bank.

Mitesh Thacker of miteshthacker.com told CNBC-TV18, "My buys are on midcap stocks while the sells are on mostly on the F&O side. I have a sell on DLF which is trading with a negative set up. There is some kind of support at Rs 146.25 but it maybe taken out in the opening gap. So sell this with a stop loss at Rs 152 for a target of Rs 140."

"IndusInd Bank is showing some kind of corrective pattern after having outperformed for a number of months now. Some profit booking set up is happening as the indicators break down. So sell this one with a stop loss of Rs 1,196, look for targets close to about Rs 1,153-1,150," he said.

"I also have a sell on Infosys, which has finally broken and closed below the levels of Rs 1,010, important swing support being broken there. So sell with a stop of Rs 1,016 for targets of Rs 975."

"On the buying side, two midcap stocks from the financial sector - IIFL Holdings had a very good pricing volume action yesterday, made a fresh swing high. That is a buy with a stop loss at Rs 297 for targets of like Rs 330."

"Vijaya Bank after the numbers, had a very strong, pricing volume break out bar, that is a buy with a stop loss at Rs 41 for targets of around Rs 50."

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First Published on Oct 28, 2016 09:45 am
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