Buy Titan Company, NIIT Technologies; sell Bank of India: Yogesh Mehta

Yogesh Mehta of Motilal Oswal told CNBC-TV18, "We are recommending on the future segment a buy on Titan Company which has given a strong breakout above Rs 810 levels. Currently, it is quoting at Rs 823. Keeping a stop loss of Rs 805 in the future segment one can look at target of around the range of Rs 855-860."

"Bank of India is the stock which seems to be a short sell candidate. Currently, it is quoting at around Rs 136, it has broken all the channels and all the support lines. One can initiate a short, keeping a target of Rs 129-130 in mind and stop loss could be around Rs 140. The volatility is already there and the stock is down by 6 percent today."

"Third stock which we am recommending today is NIIT Technologies which is already up, a strong correction has come post reaching to the recent all-time highs and now it is again back to the retracement levels; Rs 852-853 is the current price and keeping a stop loss of Rs 835, target could be in the range of Rs 890-895," he added.