Buy Arvind, Havells India, L&T Finance; sell Oriental Bank of Commerce: Mitessh Thakkar

Mitessh Thakkar

miteshthacker.com

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Mitessh Thakkar of mitesshthakkar.com told CNBC-TV18, "I have a buy on Arvind, which is now showing signs of continuation. So, buy with a stop loss at Rs 386, look for target of Rs 404."

"Havells India had a very strong swing breakout and a pattern breakout yesterday, so I will take a slightly positional view, look for a target of Rs 570 and recommend a buy with a stop loss at Rs 518," he added.

"A very bullish candlestick pattern is over there in NIIT Technologies with a swing breakout, I would buy this with a stop loss at Rs 584 for target of Rs 650. L&T Finance Holdings was a recommendation yesterday as well but even today it is comfortable to go long here. Keep a stop loss at Rs 198, look for target of Rs 211."

"The solitary sell call is on Oriental Bank of Commerce, sell with a stop loss at Rs 124 for targets close to about Rs 110," he added.

"After outperforming in September, Dewan Housing Finance is getting into some kind of consolidation. I would still put this stock as a range bound kind of a trade, Rs 525 on the downside to about Rs 570-575 on the upside should be the range and it is still more of a buy trade, if it comes down towards the lower end of the range."

"Axis Bank has opened with a gap up, Granules India is doing well, it is up about a percent and a half and the intraday charts are very positive. So that could be a good trade if you want to take a two-three days' kind of a trade. Buy with a stop loss at Rs 126, look for Rs 135-136 kind of a target."