Buy Ashok Leyland, Panacea Bio, Interglobe Aviation: Mitessh Thakkar

Mitessh Thakkar of mitesshthakkar.com told CNBC-TV18, "Ashok Leyland is a buy with a stop loss at Rs 132.50 and look for target of Rs 143."

"In midcap cash stocks, I have identified Panacea Bio which has had a very strong price and volume breakup today, so slightly taking a deep stop loss at Rs 325, I would look for targets of Rs 400 plus. I think the stock has moved up slightly, try to buy it around Rs 350-345 mark."

"I think the long term support for MOIL plays around the levels of Rs 210 to about Rs 205. The stock will head towards Rs 265-270 which is the first short-term target and that is where one can take a fresh opinion or possibly look to book out."

"Interglobe Aviation is the stock which I like the most in the aviation sector for the time being. While Jet Airways has done extremely well, I think Interglobe Aviation has broken out of a good weekly contracting pattern. We had a call earlier as well, but even at current level, I will be comfortable recommending it."

"Keep a stop loss below Rs 1,260-1,259 and once we see the stock stabilise above Rs 1,300 levels, I think the target which I would look for should be closer to about Rs 1,420 on the upside. So a good positional play even for F&O traders. Wait for the Rs 1,300 breakout to take place and buy with a stop loss below Rs 1,260," he added.