Buy Andhra Bank, GAIL India, Shoppers Stop; sell Ambuja Cements, Tata Comm: Mitessh Thakkar

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "I have a mix of buy and sell calls. The first buy is on Andhra Bank. A lot of PSU banks including State Bank of India (SBI) and Oriental Bank of Commerce had a very strong candlestick pattern on Friday. I think Andhra Bank which has been consolidating in the range of about Rs 57.50-53.50 could break on the upside. So, the trigger is to buy above Rs 57.50 and keep a stop loss just below Rs 56 and look for a target of around Rs 61."

"The second buy call is on GAIL India which after correction has given some intraday reversal and buy signals, so buy this one with a stop loss at Rs 376 for target of Rs 395," he said.

"The final buy call is on Shoppers Stop, a midcap stock wherein we had a pretty strong price and volume breakout on Friday, so buy with a stop loss at Rs 330 and look for target of Rs 365."

"I have two sell calls, the first one being Ambuja Cements which has given some intraday breakdown, so sell with a stop loss at Rs 233.50 and look for a decline to about to Rs 221."

"In Tata Communications, we have seen some negative crossovers, it needs to break below Rs 725 which could happen early in the trade today, so if it breaks that sell with a stop loss at Rs 740 and look for Rs 695 as the target."