Buy Sun Pharma, Escorts; sell Indiabulls Real Estate, United Spirits: Thakkar

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "Sun Pharma is a buy for me, a very good breakout above Rs 525 zones. So, keep a stop loss below Rs 519 and look for Rs 555 type of target."

"Indiabulls Real Estate on the intraday chart is coming out with some kind of a negative set up, so sell with a stop loss at Rs 220, look for declines to about levels of Rs 205."

"United Spirits hasn’t participated in this entire rally and has broken below support levels. So, it is likely to see some more supply. I think the stock can be sold with a stop loss at about Rs 2,393 for targets close to about Rs 2,300."

"A sell call on Strides Shasun. We have had a sell earlier as well but it is showing continuation signals, so sell with a stop loss at Rs 863, look for Rs 785 kind of target," he said.

"My final buy call is on Escorts, a good breakout from a contracting movement is over there. I would buy this one with a stop loss at Rs 677 for target of Rs 740," he added.

"Bharat Forge is showing continuation in fresh swing highs and Cipla is something which is interesting. If it starts getting past levels of Rs 591-592, you could see some momentum spill over. Escorts still looks a very good stoc to buy."

"Sobha and Titan Company have gapped up, between the two I think Sobha is possibly interesting in the sense it is trying to break above the earlier swing highs of Rs 420-425. If we get a closing above Rs 425 today evening, I would be an aggressive buyer here for targets close to about Rs 460 to about Rs 465."

"Titan Company also gapped up on the back of positive newsflow but the follow up is slightly missing. Let us see some trends might come once it gets pass Rs 630 and we could head towards Rs 650-660 zone, which were the recent highs and maybe beyond that, you could see more momentum. For the time being, between the two, Sobha looks more interesting but I would want to see a breakout above Rs 425 zones."

"I have two buy recommendations, Tata Power is a buy with a stop loss at Rs 80 for target of Rs 85. Colgate Palmolive is also a buy, keep a stop loss at Rs 1,094 for target of Rs 1,145."