Buy Colgate Palmolive, Coffee Day, MMTC, Rolta India; sell Cipla: Mitessh Thakkar

Mitessh Thakkar of mitesshthakkar.com told CNBC-TV18, "I have mainly buy calls on the midcap side but before that two F&O stocks, one on the buy side is Colgate Palmolive. Good intraday charts, very strong crossovers and I would buy this one with a stop loss at around Rs 1,017 and look for target of around Rs 1,065."

"The other one is a sell call on Cipla. I have been negative on the stock earlier as well, it has broken down the 200-day average, so, now can be shorted afresh with the stop loss at Rs 574 for target of around Rs 545," he said.

"Three midcap names on the buy side - Coffee Day I think has given a three day pullback after a breakout. So, good levels to buy this one. Keep a stop losss at Rs 239 and look for target of Rs 270."

"MMTC had a good price in volume breakout day on Friday. So buy with a stop loss at Rs 63 and look for target of Rs 76."

"Rolta India is giving some positive signs on the charts. So, I would buy this one with a stop loss below Rs 60.50 for target of around Rs 68."