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Sell IOC, DHFL, Yes Bank, ACC: Mitesh Thacker

Mitesh Thacker of miteshthacker.com is of the view that one may sell IOC, DHFL, Yes Bank and ACC.

September 30, 2016 / 11:31 IST
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Mitesh Thacker of miteshthacker.com told CNBC-TV18, "Sell on Dewan Housing Finance Corporation (DHFL) where we have seen some kind of a bear formation, so sell with a stoploss at Rs 279 for target of Rs 260."He further added, "Indian Oil Corporation (IOC), mostly a breakdown on intraday charts, so bigger pullback could play out, sell with a stoploss at Rs 582 for target of Rs 552.""Yes Bank completed a pullback, a sell with a stoploss at Rs 1,250, target at Rs 1,185.""Sell Pidilite Industries, which has broken below some kind of important levels of Rs 680-685, so I would sell with a stoploss just above Rs 680 and look for targets of Rs 635.""ACC has broken below key moving averages, so it is a sell with a stoploss at Rs 1,616 for target of around Rs 1,545.""If Karnataka Bank sustains below Rs 140, I would be very comfortable holding on to short position. Bajaj Auto is still showing signs of continuation from yesterday. So that could be sold with a stoploss at about Rs 2,880 and Rs 2,770 could be a good target."

first published: Sep 30, 2016 11:31 am

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