Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "My first stock is Engineers India (EIL), good pricing volume breakout was there yesterday, buy with a stop at Rs 159, look for targets close to Rs 175."
"Two sell calls, they are Godfrey Phillips, which after two days of pullback is seeing some indicator set up which is turning weak. So I would expect declines to happen over here. Sell with a stop just above Rs 1,185 for target of Rs 1,100."
"Mindtree is a sell as well, keep a stop at Rs 502, look for declines to about Rs 450. NMDC is a buy as well with a stop at Rs 120 for targets close to Rs 130. Deepak Fertiliser is a buy as well, keep a stop at Rs 290 for target of Rs 320," he added.
"Wipro has done a good base building around Rs 255 zone and it is time to head towards the earlier highs of Rs 280-281. Once you break beyond that, again Rs 300 could be a logical target. I am positively biased and on any declines, I would be buyer over here. Of course today could be a different story with a slightly positive opening but my sense is that once you get past Rs 280, we are heading towards Rs 300 and that could take about a week and a half to two weeks kind of a time."
"Wipro clearly with that big gap up is interesting. Now it can be bought with a stop at Rs 276.50-276 for targets of around Rs 300. Bata India is something which is showing good continuation and momentum on the upside. So I would be a buyer there as well and look at targets close to about Rs 620 over there and buy with a stop below Rs 570."
"I would have wanted to buy Wipro but it is slightly on the higher side, so maybe on an intraday dip if we get it around Rs 285-284, that would still be a buy and keep a stop below Rs 277, look for Rs 300 kind of a target."
"Other stock which I observed which has broken out with a good pricing volume action and the overall indicator set up is Coal India. That is a buy as well. Keep a stop below Rs 253 and look for more than Rs 270 kind of a target."
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