Today Mitessh Thakkar of miteshthacker.com suggests some buying and selling product as he said, "The first is a sell on HCC where the candlestick pattern is quite negative. So, I expect more declines. Sell with a stop loss of Rs 41.40, look for target close to about Rs 38.20. Also a sell on IDFC Bank which has again a very similar set up to HCC, bearish candlestick pattern there. So sell with a stop loss at Rs 58.50, look for target of around Rs 55."
"RBL Bank is a sell as well. Some indicators have crossed on the negative side suggesting profit booking. So I would sell this one with a stop loss at Rs 521 and look for target of Rs 485," he said.
"HDFC is a buy. Use any morning weakness to buy into this one. So around Rs 1,590 it is a good entry point, keep a stop loss at Rs 1,565, look for target of around Rs 1,640. Tata Motors DVR also is a stock which remains in an uptrend, so I would buy this of around Rs 282-283 levels. Keep a stop loss at Rs 277 and look for target of around Rs 298."
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