Buy Piramal Enterprises Syndicate Bank, hold Dalmia Bharat Sugar; sell Cipla: Mitessh Thakkar

Mitessh Thakkar, Proprietor at mitesshthakkar.com told CNBC-TV18, "Piramal Enterprises is a buy, keep a stop below Rs 2,780 and look for targets close to about Rs 2,900."

"Cipla is a sell, the only caveat being I only want to see it break below the intraday pivots of Rs 595. So sell below Rs 594 is what I will suggest. Keep a stop loss at Rs 605 and look for Rs 575 kind of a target."

"The sugar rally has stopped and the stocks have turned sideways and Dalmia Bharat Sugar has had a very important pivot around the Rs 140 odd level. Keep a stop loss below that, may be Rs 2-3-4 below that is what I would suggest and hold this stock. On the upside we have seen time and again the stock peak out around Rs 185-190 zones. So anything close to Rs 180-185 should attract for an exit."

"Amongst all the PSU banks, in fact Syndicate Bank, Vijaya Bank and State Bank of India to a certain extent have been showing good outperformance and I do believe Syndicate Bank appears to have triggered some kind of medium term trend on the upside. So, good to accumulate at current level, maybe Rs 4-5 decline in case the markets do correct would be even better levels to add on to your positions. Keep a stop loss below Rs 78. I think in the next 6-8 months the stock will head towards Rs 120-125 zone," he added.