Buy Hero Moto, Infosys, Tata Global; sell M&M, Power Finance Corp: Mitessh Thakkar

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "I have a buy on Hero MotoCorp with a stop loss at Rs 3,780, would look for a bounce to about Rs 3,950. Infosys did well in a falling market on Friday, so that is a buy with a very tight stop loss at Rs 975, look for a rally to about levels of Rs 1,010. Also a buy on Tata Global Beverage which had a very strong price action after the numbers. That is a buy with a stop loss at Rs 160, look for target of Rs 171."

"I have two sell calls as well. I will sell Mahindra and Mahindra (M&M) with a stop loss at Rs 1,382, would look for declines to about Rs 1,310. Power Finance Corporation is a sell as well, keep a stop loss just above Rs 123 and look for targets of around Rs 108," he added.

"Larsen and Toubro (L&T) has opened half a percent gap up apart from Bank of Baroda (BoB). I would possibly start shorting these two stocks right now and then wait for the market reaction to take further trades."

"I have a sell on Larsen and Toubro (L&T) with a stop loss of Rs 1,162 for target of Rs 1,080. Tata Steel is a buy, I would keep a stop loss at Rs 601 and look for targets of around Rs 640."