Mitessh Thakkar of mitesshthakkar.com told CNBC-TV18, "I would buy three stocks. I think Cipla is something which we had a BTST yesterday but I think can be taken as a trading call as well today morning. So, buy with a stop loss at Rs 578 and look for rallies to extend to Rs 615."
"Oil India Limited is something which is a conditional buy. There is a chance of a reversal on the intraday charts. So if it starts getting past the pivot of Rs 288.5, buy with a stop loss at Rs 282 for target of Rs 300."
"Petronet LNG had a very strong price and volume breakout. I think this has clearly got into a trend, we should see prices head towards Rs 250. I would buy this with a stop loss at Rs 221," he said.
"Two sell calls, Larsen & Toubro (L&T) is a sell. I would want to sell it on a slight bounce back, so around Rs 1,145-1,150. Sell with a stop loss at Rs 1,166 for target of Rs 1,115."
"Raymond is something where some moving averages have crossed on the negative side. So, good levels to short that as well. Keep a stop loss at Rs 760 and look for declines to levels of Rs 700," he added.
"I had a call on Hexaware Technologies. I think that has moved up in the last few minutes. I think it is also a very strong breakout which is possibly happening on the medium term charts over here. So it is a buy, in case you get it back at about let us say levels of Rs 272-273 with a stop loss at Rs 264 look for first target of Rs 290. However, looking at the medium term charts, I think this is heading towards Rs 310 plus levels. So I would be very aggressive over here, maybe even at these levels after a good rally, start accumulating, buy at least half and wait for 3-5 points dip to add more."
"The other stock is Asian Paints and it is a conditional sell. The chart structure is weakening but if it breaks Rs 1,130, that would be a pivot level. So sell below Rs 1,129, keep a stop loss at Rs 1,145 and look for Rs 1,100 kind of a target."
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