Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "Federal Bank is a buy. It had a good pullback on the Muhurat trading day; Rs 122 was the breakout level, so keep a stop loss at Rs 119, look for Rs 134 kind of a rally."
"Bank of Baroda futures in my list also on the sell side. Sell with a stop loss at Rs 137.50 for targets of around Rs 127 is what I would prefer. I also have a buy on National Aluminium Company (NALCO) with a stop loss at Rs 82.50 for target of Rs 92."
"Torrent Power looks like a very strong stock on the medium-term and longer-term charts but for the time being, buy with a stop loss at Rs 239 look for target of Rs 270."
"Finally, a sell on Maruti Suzuki where the indicators are now turning negative. So I would sell it in the range of Rs 7,750-7,760. Keep a stop loss at Rs 7,830 and look for declines to about Rs 7,600," he added.
"GVK Power has a very interesting pattern and after months and years, the pattern has reversed. It is kind of heading towards Rs 19.50, maybe after one-two circuits, you will get that dip and some profit bookings, which will allow you to enter in this one. Put a stop loss at Rs 11.50, Rs 19.50 looks like a good target in the next two-three months."
"I have been trading long on Bajaj Auto. If Hero MotoCorp starts getting past Rs 3,800 which is where it might open and sustains above that then I would take a long trade with some kind of a stop loss."
"Yes Bank's range is about Rs 378-380 to about Rs 350 and I suspect that might remain for some time. On the other charts, Adani Ports looks very interesting, Asian Paints, BPCL and Havells India, all these four charts are giving very good intraday buy signal in the first 10-15 minutes and we could see some good gains happening over here by the end of the day."
"Havells is a buy with a stop loss of Rs 547, look for target of Rs 575 and Shriram Transport Finance as well has a good intraday set up. So, that is a buy with a stop loss of Rs 1,108 for target of around Rs 1,155."
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