Buy on NCC with target of Rs 69: Mitesh Thacker, miteshthacker.com

In a chat with ET Now, Mitesh Thacker, Technical Analyst, miteshthacker.com, says BT/ST on Bank of Baroda with a target of Rs 137-137.5

ET Now: On the charts, what are the selling pressure that we are seeing at 7500. Also, your stock specific strategies in the last hour of trade?

Mitesh Thacker: See it is okay compared to the kind of buying we had on Friday, I do not think this worries me. I would only be looking at some kind of weakness if we start breaking below 7450 levels. Then we will reduce the stock specific long positions as well as look at exploring some kind of short exposure. For the time being, as long as 7450 holds, there is a good chance that we will recapture the highs of 7500 head higher as well. So we still maintain higher levels but we are close to support level. So maybe in the next hour or maybe by tomorrow, we will have a better picture over there. The stock calls that I have are a buy on NCC with a stop at about Rs 64.70 or just below it. It has come down slightly, the stop loss can be just below Rs 64 now and I think I would look at targets close to about Rs 69 over here and a BT/ST on Bank of Baroda, again that is a stock which I like from the PSU lot, can be bought with the stop below Rs 131.5 and look at targets of around Rs 137-137.5.