Buy Adani Enterprises, Apollo Tyres, IGL; sell ONGC: Mitessh Thakkar

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."