Sell Apollo Hospitals, Can Fin Home; buy Reliance Defence, Sun Pharma: Thakkar

Mitessh Thakkar of mitesshthakkar.com told CNBC-TV18, "I have a sell on Apollo Hospitals with a stop of Rs 1,092 and target of Rs 1,020. Can Fin Home which didn’t participate as much and now is giving some sell on the intraday charts, sell with a stop loss at Rs 2,851 for targets close to about Rs 2,700. ICICI Prudential Life's intraday charts are suggesting some kind of a downward bias, so sell with a stop loss of Rs 438.50 for target of Rs 403."

"Two buy calls - Reliance Defence clearly had a breakout yesterday, so around Rs 58.50-59 would be a good buying opportunity and keep a stop loss below Rs 56 for targets of around Rs 63.50. For Sun Pharma after long time, the indicators are starting to climb up, so there is a good chance that we might see some more short covering kind of a rally. So that is a buy with a stop loss at Rs 487 for target of around Rs 535," he added.

"REC is a buy with a stop loss below Rs 169.50 for target of Rs 187. Disclaimer here that we have recommended this to our clients and Tata Power is seeing some follow up, so that is a buy as well, keep a stop loss below Rs 83.50 and look for targets close to about Rs 90."