Buy Sun TV, ICICI Bank, Ahluwalia Contracts; sell Glenmark, HPCL: Mitessh Thakkar

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "Sun TV Network after a good rally has given a pullback right at the support area of Rs 850 or Rs 845. So that would be a buy with a stop loss below Rs 838, look for target of around Rs 835. ICICI Bank remains the leading outperformer after that result session. I think it will see more upsides, so any intraday dip of around Rs 2-3 would be a buying opportunity. Keep a stop loss at Rs 287, look for Rs 315-320 kind of a target. Amongst the midcap names, Ahluwalia Contracts is something which has been making fresh highs. So that is a buy with a stop loss of Rs 360 and a target of Rs 400."

"Two sell calls, first is a sell on Glenmark Pharma which has broken the weekly pivot of Rs 855, so I would sell with a stop loss at Rs 862 for target of Rs 810 and Hindustan Petroleum Corporation (HPCL) despite the crude fall at a negative or bearish candlestick pattern is a sell with a stop loss of Rs 541 for target of around Rs 490," he added.