Buy Ashok Leyland, Tata Chemicals, CONCOR, Nestle; sell Canara Bank: Mitessh Thakkar

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "Ashok Leyland is something which I was very bullish for the last few days despite the fact that market will slightly be on the negative side. I think that is clearly showing some follow up and now it is still a long trade with a stop loss at Rs 118 for target of Rs 135."

"Tata Chemicals is something which had a good Friday, good intraday signals are over there, so buy with a stop loss at Rs 629, look for Rs 670 kind of a target. Similar patterns are developing on the charts of Container Corporation of India (CONCOR), which appears to have completed a good pullback. Now it is a buy with a stop loss at Rs 1,315 for target of Rs 1,420."

"Nestle India is the final buy call. Again a very good intraday set up, buy with a stop loss below Rs 7,150 and look for Rs 7,400 kind of a target," he added.

"I have one sell call on Canara Bank and I still remain negative on the PSU banking side. So, around Rs 310 Canara Bank can be sold with a stop loss at Rs 317.50 for target of Rs 295," he said.

"I like GAIL India, it is breaking into fresh all-time highs, a very positive set up is over there. It is a buy with a stop loss below Rs 423 and look for Rs 450 kind of a target."