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He spoke at length about ICICI Prudential Life Insurance Company, ITC, Apollo Tyres, NMDC, REC, UPL, Torrent Pharmaceuticals, Colgate-Palmolive, YES Bank.
Talking about stocks Mitessh Thakkar said, “I have two calls Torrent Pharma is showing good momentum if it starts getting pass Rs 1,870 buy that keep a at Rs 1,849 look for targets of Rs 1,920. Colgate-Palmolive is a buy with a stop at Rs 1,295 for targets of Rs 1,355.”
“I have mix of buys and sell. We have been trading on the long side for last many days, but today there are some stocks where the individual charts do suggest possibility of weakness so Apollo Tyres is something which I have chosen on the short side. The candlestick pattern is negative sell with a stop at Rs 228.50 for targets of Rs 214. Also a sell on NMDC where some negative expansion of indicators is taking place so keep a stop at Rs 94 look for targets of Rs 85 on the downside.”
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