Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "I have a mix of buy and sell calls. Bajaj Finserv is a sell and it is a conditional sell, I would want to see the stock start breaking below the pivot support of Rs 4,080, it is trading just above that. So if that break happens, sell with a stop loss at Rs 4,135 for target of around Rs 3,950. Buy NBCC with a stop loss at Rs 203 and I would look for targets close to about Rs 220."
"Reliance Capital is something which has gone into a strong outperformance, I think that is showing continuation signals, I would buy this one with a stop loss at Rs 637 for target of Rs 680. Arvind is a conditional sell, so wait for the price to break below Rs 367, keep a stop loss at Rs 375 and then look for targets around Rs 350 on the downside," he said.
"One midcap buy is Rain Industries, I would buy with a stop loss at Rs 100 and look for target of Rs 112. Can Fin Homes might just be sideways for some more days, buying around Rs 3,015-3,020 is the range where a couple of moving averages are placed. That could be an interesting range to watch out on this stock and I would be a buyer there. For the time being 3-5 percent kind of a drop can always happen and that is the scenario which is most likely to play out."
"We have been maintaining some kind of a positive bias on Aurobindo Pharma expecting it to hit first target closer to about levels of Rs 700-705. That is also the 200-day moving average. So around those levels, you will see some kind of a stop or at least pause or a profit booking coming."
"I have been waiting for Aditya Birla Nuvo to start getting past Rs 1,745-1,750 zone and maybe it will just start around those levels, if it shows strength in the first half an hour, that could be the first follow-up trade to look at. I am slightly negative on PSU banks as well while the Bank Nifty is opening up with strength, a couple of them might not open with strength and that is where a couple of shorting opportunities I would like to explore," he said.
"I have two sell calls, Indiabulls Housing Finance is a sell with a stop loss at Rs 1,091 and my sense is that it is possibly declining to about levels of Rs 1,040 and I would also sell Bajaj Finserv with a stop loss at Rs 4,130 for target of Rs 3,950, try to sell it around levels of Rs 4,070-4,075," he added.
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