Sell ICICI Bank, Jet Airways, DLF; buy Ajanta Pharma, Torrent Pharma: Mitessh Thakkar

Mitessh Thakkar

miteshthacker.com

• Sell ICICI Bank, Jet Airways, DLF; buy Ajanta Pharma, Torrent Pharma: Mitessh Thakkar

• Buy NIIT Technologies, Torrent Pharma: Mitessh Thakkar

• Buy Ajanta Pharma, sell ICICI Bank: Mitessh Thakkar

Mitessh Thakkar of mitesshthakkar.com told CNBC-TV18, "I have a sell on ICICI Bank, an underperforming stock which is now turning weak. Sell with a stop loss at Rs 290.50 and look for Rs 272-270 kind of a target. Jet Airways continues to show weakness and closed below the pivot levels of Rs 545. So, sell with a stop loss at Rs 548.50, look for Rs 515-516 kind of a target."

"The final sell is on DLF where the intraday charts are bad or negative. So I would sell with a tight stop loss at Rs 188, look for marginal declines to about Rs 178 kind of levels," he added.

"Two buy calls, Ajanta Pharma has had a good candlestick pattern, if it continues to get past yesterday’s high of Rs 1,265, buy then with a stop loss at Rs 1,230, look for Rs 1,340 kind of a target. Torrent Pharma had a very strong pricing volume breakout. So, I would buy that as well, Rs 1,330-1,325 is a buying range, keep a stop loss at Rs 1,298 and look for Rs 1,400 kind of a target," he said.

"If Hindalco Industries continues to show weakness and starts trading below levels of Rs 235, I would then want to short or buy a Put option. That could be a good strategy."