Buy Tata Elxsi, Shriram Transport Finance, Raymond; sell Bharat Forge: Mitessh Thakkar

Mitessh Thakkar of mitesshthakkar.com told CNBC-TV18, "It is a mix of buys and sells. I have a buy on Tata Elxsi which had a very strong session yesterday; good intraday set of buy signals. So, buy with a stop loss at Rs 1,690 and look for Rs 1,800 kind of target.  The second buy is on Shriram Transport Finance. Again, a stock which closed very strong in a weak market; a bullish candlestick there. Buy with a stop loss at Rs 1,045 for target of Rs 1,120."

"Raymond had a good swing breakout, a fresh 52-week high as well. So, I would buy it on a dip, around Rs 850 is what I think is a good entry point. Keep a stop loss at Rs 823 and look for target of Rs 910."

"Two sell calls, the first is a sell on Bharat Forge where the indicator setup is turning negative. So, I would sell with a tight stop loss at Rs 1,146.50 for target of around Rs 1,085."

"HDFC Bank is a conditional sell. If it breaks Rs 1,736-1,737, I would sell with a stop loss at Rs 1,754 for a first target of Rs 1,700,"  he added.