Buy Arvind, EIL, Godrej Consumer, ONGC; sell Equitas Holdings: Mitessh Thakkar

Mitessh Thakkar of mitesshthakkar.com told CNBC-TV18, "I still have more bias towards the buy calls on long positions. I would look at buying into Arvind if it starts breaking above Rs 412. It is doing the range of about Rs 412-411 to about Rs 385 for a couple of weeks now so breakout should give it momentum and then buy with a stop loss at Rs 406 and look for Rs 430 as the target."

"Engineers India after a good rally gave a pullback to short-term averages, it is now showing signals of continuation. So buy with a stop loss at Rs 164, look for target of Rs 185. Two more buy calls, Godrej Consumer has started to expand on the upside, so buy with a stop loss at Rs 1,750, look for target close to about Rs 1,870."

"ONGC was recommended yesterday as well but even at current level today if somebody wants to buy, it can be bought with a stop loss at Rs 187 for target of Rs 206."

"A solitary sell call on Equitas Holdings, which has broken below key short-term averages. Sell with a stop loss at Rs 167 for target close to about Rs 154," he added.