Buy NCC, hold Bata India: Mitessh Thakkar

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "NCC is something which is very interesting to me. I think getting past levels of Rs 91-92 is a breakout for the stock. I think it could possibly target levels of around Rs 105 to about Rs 110 in the coming few weeks. So, I would be extremely positive on NCC. Buy this with a stop loss below Rs 89 and manage the trade by trailing a stop loss. Overall the medium term trend is very strong on the upside." 

"Bata India is showing some kind of an overbought situation but the trend is not yet over. I think I would not advice a fresh entry, but, if somebody has been having the stock for some time now, I think keep a stop loss at Rs 570 and hold the stock and upside targets could be close to about Rs 600-Rs 605," he said.