Sell IOB: Mitesh Thacker
It could go down to 138 and the stop loss here should be about 147.25.
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| Updated: In a chat with ET Now, Mitesh Thacker, miteshthacker.com, talks about IOB.
What is your call on IOB?
I have got a sell on IOB, the Bank Nifty actually has hit the 200 day average and you could see some kind of profit booking happening in the banking stocks. IOB yesterday fell down with a gap, the gap is still unfilled and should be a good point of supply. It could go down to 138 and the stop loss here should be about 147.25.
What is your call on IOB?
I have got a sell on IOB, the Bank Nifty actually has hit the 200 day average and you could see some kind of profit booking happening in the banking stocks. IOB yesterday fell down with a gap, the gap is still unfilled and should be a good point of supply. It could go down to 138 and the stop loss here should be about 147.25.
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