Mitessh Thakkar of miteshthacker.com said today, "I have a mix of buy and sell calls. Bajaj Finserv is a sell and it is a conditional sell, I would want to see the stock start breaking below the pivot support of Rs 4,080, it is trading just above that. So if that break happens, sell with a stop loss at Rs 4,135 for target of around Rs 3,950. Buy NBCC with a stop loss at Rs 203 and I would look for targets close to about Rs 220."
"Reliance Capital is something which has gone into a strong outperformance, I think that is showing continuation signals, I would buy this one with a stop loss at Rs 637 for target of Rs 680. Arvind is a conditional sell, so wait for the price to break below Rs 367, keep a stop loss at Rs 375 and then look for targets around Rs 350 on the downside," he said.
Thakkar further added, "One midcap buy is Rain Industries, I would buy with a stop loss at Rs 100 and look for target of Rs 112. Can Fin Homes might just be sideways for some more days, buying around Rs 3,015-3,020 is the range where a couple of moving averages are placed. That could be an interesting range to watch out on this stock and I would be a buyer there. For the time being 3-5 percent kind of a drop can always happen and that is the scenario which is most likely to play out."
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