Buy Federal Bank; above Rs 1085, Colgate Palmolive may test Rs 1120: Mitessh Thakkar

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "Federal Bank has given a continuation breakout on the upside. So I would buy that one with a stop loss at Rs 119 for target of Rs 126. Adani Transmission appears to have completed good pullback and is now possibly getting into an upmove again. So I would want to see the stock get past Rs 117-117.50 which could be the trigger on the upside, buy then with a stop loss at Rs 115 and Rs 124-125 could be a good target."

"Finally, also Colgate Palmolive has been consolidating in a very narrow range for the last few days, yesterday there was a sign of a breakout, it did not happen, today, they have follow-up signals, maybe if it starts getting past Rs 1,085, it could head towards Rs 1,120," he added.

"India Cements is a buy for me, you can look at stop loss of Rs 213, target of Rs 230."