Buy TCS: Mitesh Thacker

Mitesh Thacker, www.miteshthacker.com, in a chat with ET Now, gives his trading ideas for the day


Let us get your trading ideas for the day, what is your list looking like today?

I have had couple of high beta names. To start off with, Patel Engineering is looking at targets of about Rs 163 over there and suggesting to buy with a stop at Rs 150. The second is Punj Lloyd for the short term I am looking at targets of Rs 67-68 and a stop at about Rs 61.40. TCS is a buy call. The stock has been holding on extremely well and I think it could probably test recent swing highs of Rs 1220 so that is the price target and Rs 1154 is the stop loss.