Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "Jain Irrigation had a good breakout on intraday charts with some positive crossover. So I would buy that with a stop of Rs 104, look for target of Rs 114. Chambal Fertilisers and good part of the fertiliser pack was active yesterday. That had a swing breakout, so I would buy Chambal with a stop at Rs 130.50 for target of Rs 150."
"ICICI Bank is something which I am observing very closely, the intraday charts have turned positive but the stock price needs to get past the pivot levels of Rs 294, so buy at about Rs 294.50 then keep a stop at Rs 289 and look for a target of around Rs 308. Raymond was clearly a stock, which is buzzing yesterday, good pricing volume action, swing breakout, that is a buy with a stop at Rs 789 for target of Rs 875," he said.
"Amongst the metal names, we have been having positive calls on JSW Steel earlier. Now Steel Authority of India (SAIL) has given some reversal. So, that is a buy with a stop at Rs 58.40 and look for a mild rally to about Rs 62.50."
"Lupin was a buy yesterday. There is some kind of a stronger intraday reversal happening in over there. My sense is that from oversold levels we have seen a good bounce back. The first target, which I would look for would be closer to about Rs 1,120-1,125 and if you managed to get past that, this bounce back could extend to about Rs 1,180 levels. So I would be positive, I would be a buyer over here. Anything close to about Rs 1,060 would be the stop loss and maybe the stock will open gap up so maybe if you want to buy afresh, wait for 10-15 points kind of a pullback before you take a long position."
"Asian Paints is something which has come into a strong buy mode. So I will keep a stop at Rs 1,120 and look for a rally to about levels of Rs 1,170 to begin with but I suspect once it will get past Rs 1,170, the stock could do even better and we might look at higher levels."
"ICICI Bank could be very interesting. It is trying to get past that Rs 294-295 mark which is an important intraday pivot and beyond that I think it could head towards Rs 308."
"I have a buy on Cholamandalam Investments. It was a conditional buy above Rs 1,140. I believe the price has just got past those levels so buy with a stop at Rs 1,119 and look for targets of Rs 1,200. Maruti Suzuki is showing continuation signal so that remains a buy now with a fresh stop at Rs 7,380 for targets close to about Rs 7,550.
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