Mitessh Thakkar of mitesshthakkar.com told CNBC-TV18, "I have two long calls. Sonata Software is a buy with a stop loss at Rs 238.5 for target of Rs 270. United Breweries in the F&O segment is looking good. Buy with a stop loss at Rs 1,050 and look for target close to Rs 1,150."
"Biocon clearly is moving up with some jump in volumes. If you look at the price movement for last about 6-7 days, I think it is doing a very narrow range of Rs 530 on the upside to about Rs 510 and now looks like ready to break on the upside. So let it get past those Rs 530-532 zones. It should head towards Rs 560-565."
"I like Aurobindo Pharma. Clearly some kind of a reversal from oversold levels. It still can be bought with a stop loss at Rs 676 for target of Rs 710."
"One stock which is showing goof traction and jump in volumes is Steel Authority of India. It is also on the verge of bring above that Rs 82.50-83.10 kind of range which the stock has not been able to cross for the last three-four weeks. So, I think we are pre-empting a breakout here and suggesting a buy with a stop loss at Rs 79 and look for target of Rs 90."
"Aurobindo Pharma is a buy as well. Keep a stop at Rs 674 and look for Rs 710 as the target."
"To my understanding most of the sugar stocks have gone through correction and are bouncing back from medium term support. Not a big positional call but a trading bet on Balrampur Chini. I think it has made a low at about Rs 140-141 and is reversing. It is a good buy with a stop loss below Rs 144 and trading bounce can see the stock price head towards Rs 157-158 on the upside," he said.
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