Buy Bajaj Finance, IGL, Grasim, Arvind, Bata; sell NALCO: Mitessh Thakkar

Mitessh Thakkar of mitesshthakkar.com told CNBC-TV18, "I have majority of buy calls. The first one is Bajaj Finance, both Bajaj Finance and Bajaj Finserv and a couple of other non-banking financial companies (NBFCs) do look interesting. Here I would buy Bajaj Finance with a stop loss at Rs 1,335, look for target close to about Rs 1,405. IGL managed to record a fresh high, the earlier highs were around Rs 1,075-1,080. So I would take that as a swing breakout and suggest a buy with a stop loss at Rs 1,067 for target of around Rs 1,130."

"The other two buy calls are around Grasim Industries and Techno Electric. Grasim is giving some continuation signals. So that is a buy with a stop loss at Rs 1,142, look for target close to about Rs 1,200. Techno Electric has broken out of a good 4-week consolidation. So, I would buy this one, keep a stop loss at Rs 409, look for target of Rs 455 and finally one sell call is on National Aluminium Company where some averages and indicators have recorded a negative side crossover. So, that is a sell with a stop loss at Rs 67.60 and look for target close to about Rs 61.50-62," he said.

"Arvind is something which I like. It is a good gap up and is still showing sign of a further upmove. So I would be a buyer there, keep a stop loss just below the day’s low, so Rs 386 is a day’s low, I suggest Rs 385 as the stop loss level and Rs 420 is the target which the stock can do," he added.

"I have Bata India on my list. That is a buy with a stop loss of around Rs 548, target of Rs 585 and Canara Bank is another one. It is giving some good intraday reversal, so that is a buy with a stop loss of Rs 358 for target of Rs 375."