Buy AB Nuvo, Godrej Consumer; sell Zee Ent, Bata, Glenmark: Mitessh Thakkar

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "I have a mix of buy and sell calls. The first one is a buy call on Aditya Birla Nuvo with a stop loss at Rs 1,680, look for target of Rs 1,740. The second buy call is on Godrej Consumer, that has had a good swing breakout and nice set up on the intraday charts, so buy with a stop loss at Rs 1,905, look for targets close to about Rs 2,000."

"I have three sell calls but they come into play depending on the Nifty outlook. So I would sell Zee Entertainment with a stop loss at Rs 513 for target of Rs 485. Bata India has been a sell earlier as well. It is showing some continuation signals. So that is a fresh sell with a stop loss at Rs 540, look for target of Rs 512," he said.

"Amongst the pharma stocks, I have chosen Glenmark Pharma as the sell with a stop loss at Rs 638 for target of Rs 608."

"Balkrishna Industries is showing continuation pattern, so that is a buy. Escorts is also showing some good traction. I would want to see it get past Rs 730 and maybe take a long position with the stop loss at Rs 719. Few stocks are breaking down - Godfrey Phillips India, IRB Infra and HDFC. So IRB could be a good candidate to short, I would want to short it right now with a stop loss at Rs 230 and look for a Rs 214 kind of a target."