Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "The buy call is on Dabur India which managed to get past the earlier highs of Rs 320-321. So, keep a stop loss at Rs 319 while Rs 340 is the target. Jindal Steel & Power a swing breakout, buy with a stop loss below Rs 157.50, look for Rs 170 kind of a target."
"The other stock is National Aluminium Company (NALCO) which managed to get past very important levels of Rs 83, so Rs 86-85 should be your buying zone, keep a stop loss below Rs 82.80 and Rs 93 should be the target," he said.
"Tata Consultancy Services (TCS) which announced results yesterday, has given some kind of a breakout. So, I would buy with a stop loss below Rs 2,520 for target of Rs 2,640."
"The solitary sell call is on a PSU bank. Bank of Baroda still looks weak but I would want to sell it if it breaks Rs 136, keep a stop loss at Rs 140 and look for Rs 128 kind of a target," he added.
"The level of Rs 435 was the recent swing high on Bharti Airtel, which is where the stock peaked out in august and we are seeing similar Rs 440 kind of a high, which was made way back in June 2015. So once these highs have been cleared, this is Rs 500 plus kind of a stock."
"Reliance Industries has kind of met all the short-term targets but my sense is that on the medium-term charts, there is still lot more space to go so for number of quarters Reliance will keep making newer highs. For the time being, traders can start working with the target of Rs 950 and Rs 850 is my stop loss. So a buying zone should be around Rs 870-875 maybe you can buy partly now and wait for Rs 870 to come and to add more. Keep a stop loss below Rs 850, that was the last swing high and we are definitely heading towards Rs 950 or even higher levels."
"HDFC Bank is showing some kind of a very good continuation pattern, so with 15 points stop loss, that is a good trade. It is low beta stock, so Rs 1,865-1,870 should be the first target on the upside."
"IndusInd Bank, HDFC Bank and Yes Bank in the short-term are looking most positive charts and I have selected HDFC Bank. Buy with a stop loss at Rs 1,814, target of Rs 1,870. I have a call on Tata Steel as well. That is a buy with a stop loss at Rs 690 for targets close to about Rs 730-735."
"I like Yes Bank and IndusInd Bank also, all these three banks are clearly positively biased and they will contribute significantly as the Bank Nifty continues to rise."
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