Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "I have a mix of buy and sell ideas, more on the buy side. Adani Enterprises has seen a good pricing volume breakout, the indicator set up is quite positive. So, I would buy this one with a stop loss at Rs 123 for a target of Rs 138. Apollo Tyres is another stock which has been covered but a very strong swing breakout is taking place over there. So, I would buy with a slightly deeper stop loss of Rs 248 and look for a positional target of Rs 280 to about Rs 285. Final buy call is on Indraprastha Gas (IGL), which has broken into fresh highs. That is a buy with a stop loss at Rs 1,080. Some kind of a position target for around Rs 1,190 could be looked at over here."
"I have a conditional sell on Bank of India (BoI), I would want to sell if it starts breaking below the pivot support levels of Rs 140-140.50, keep a stop loss at Rs 146 then and look for targets of Rs 127."
"ONGC is continuing some bearish signals, I would sell that as well, keep a stop loss at Rs 175 and look for target of around Rs 164,"he added.
"Yesterday we did see some kind of momentum coming back into the tyre stocks and MRF has had some highs around the levels of Rs 69,700 to about Rs 70,000. So once you get pass Rs 70,000, yes there should be more momentum and follow-up happening over here. If you want to see the strength and see some kind of follow up happening today, if that happens, yes, I will consider buying it."
"I am not looking at Jain Irrigation particularly but two other stocks, which have come into focus are Apollo Hospital, that is showing good continuation and we had a buy there yesterday. Edelweiss has given a good breakout of a sideways consolidation, so keeping a stop loss at Rs 187, I think Rs 205 could be a good short-term target."
"Tyre stocks are back into action and we are seeing some follow up. Ceat is something which I like for the time being. Would recommend a buy here with a stop loss at Rs 1,885 for targets of Rs 1,980 and M&M Financial is a buy with a stop loss at Rs 360 for target of Rs 395."
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