Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "Broadly we believe that a lot of stocks are showing positive traction on the immediate charts and one of them is IGL. A good candlestick pattern was there yesterday, I would buy this one with a stop at Rs 1,088 for target of Rs 1,180. NTPC appears to have triggered some kind of a breakout and a trend on the upside. That is a buy with a stop loss just below Rs 160, look for targets close to Rs 170 to begin with."
" The other two buy calls are on Hexaware Technologies. It was a recommendation earlier as well. That is a buy with a stop loss at Rs 246.50 for target of Rs 262 and a conditional buy on Dhanlaxmi Bank. It has got some level at Rs 43 but the older structure is positive. So, if it gets past Rs 43, buy with a stop loss at Rs 41 for target of Rs 47," he said.
"A solitary sell call on HDIL, there is mild negativeness, so I will take a very tight stop loss of about Rs 86 over here and look for a short target of about Rs 81 on the downside."
"We have been positive on most tyre stocks but I think now there are chances of mild profit booking kind of set up emerging on Apollo Tyres and Ceat. So, maybe some consolidation is required. In Balkrishna Industries, Rs 1,725-1,730 is the swing high. If that is being crossed then we can look at Rs 1,850 kind of a rally. It is definitely one of the better stocks to trade but I would want to see it get past Rs 1,725-1,730 with some kind of a good volume support," he added.
"If Biocon sustains above Rs 336-340 zone and gives an intraday dip to around levels of Rs 343-342 maybe then I would want to take a long trade. Canara Bank looks interesting to me, could be bought with a stop loss below Rs 350. The other one which I like a lot is Delta Corp in the midcap segment. It is trying to continuously and get past the earlier highs of Rs 166-167 and once the breakout happens, that could be a good trade to get into."
"PTC India is a buy. The stock has moved up in the last few minutes buy try to buy it around Rs 104-104.50, keep a stop loss below Rs 100 and look for target of Rs 118. We have made recommendations to our clients on this."
"The other stock which I like is Mahanagar Gas, that is a buy with a stop loss at Rs 990 for target of Rs 1,050. I have been very bullish on NMDC for the last few days. That is getting more traction and now lot of positive crossovers are taking place, so keep a stop loss below Rs 115-114.50 and look for a Rs 125-130 kind of a target very soon over here."
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