Buy Godrej Ind, Grasim, Tata Chemicals; sell Hexaware, BHEL: Mitessh Thakkar

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "I have a buy on Godrej Industries, this is a stock which is outperforming, gave a continuation signal, so buy with a stop loss at Rs 594, look for Rs 640 as the target. Grasim Industries has had a good correction and we have seen buy signals come back again on the intraday chart. Buy with a stop loss of Rs 1,105 and look for target close to about Rs 1,200."

"A buy on Tata Chemicals which is a very similar set up to Grasim. I would buy this one with a stop loss at Rs 613, look for target of Rs 660."

"Couple of sell names, Hexaware Technoologies – the stock price broke below important levels, it could correct further. I would sell this one with a stop loss at Rs 241, look for target of Rs 225. BHEL had a gap breakdown with numbers, any bounce back should be a selling opportunity. So try to sell around Rs 143, keep a stop loss at Rs 150 and look for Rs 130 as the target," he said.

"I do like the chart pattern of M&M Financial Services. Some kind of a continuation gap has happened over here. Typically, it should see targets close to about Rs 365-370, so I would be a buyer. Keep a stop loss below Rs 335 and look for Rs 370 kind of a target."

"I have a buy on Mahindra and Mahindra (M&M), I would buy this with a stop at Rs 1,390, look for targets close to about Rs 1,480 and Grasim as well is giving a good intraday set up. So buy with a stop of Rs 1,130 and look for Rs 1,195 kind of a target.