Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "For the time being as long as we don’t break 9,480, there could be chances of a pullback or a bounce back and couple of stocks are showing that as well."
"Solitary sell call which I have is on Indraprastha Gas (IGL) which I would want to sell around Rs 1,040, keep a stop loss at Rs 1,062 and look for Rs 995 kind of target."
"Rest all are buy calls. India Cements after correcting from Rs 220 has come at important pivot support levels. So, expect a bounce back. Buy with a stop loss at Rs 185 and look for a target of Rs 202."
"Bharti Airtel had a strong session yesterday and towards the close we saw some intraday buy signals. So, that is a buy with a stop loss at Rs 372 and target of Rs 390," he said.
"Also I have a buy on Coal India. I think there are couple of things, one is that it is at very important support levels of Rs 240, extremely oversold. So, I would buy this one in the range of about Rs 243-246, keep a stop loss at Rs 237 and look for Rs 256 as the first target."
"ICICI Prudential Life is the final idea which is a buy with a stop loss at Rs 449 for target of Rs 475," he added.
"On a stock specific basis, yes, as the Nifty hit its 50 day average, a lot of stocks also did that and are giving buys on the intraday charts. We had highlighted Bharti Airtel, Balrampur Chini is something which has just come to my notice. That is giving a very strong intraday buy signal, so, I would buy that with a stop loss at Rs 148 for targets of around Rs 160."
"I would buy Tata Steel with a stop loss of Rs 519 and look for Rs 540-545 kind of target. Axis Bank is having a good day. So, I believe that ICICI Bank could enjoy some rub-off effect and the pattern for ICICI Bank is slowly turning positive as well. So that is a buy with stop loss at Rs 288.50 and look for target of around Rs 305."
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