Sell Biocon, buy Ashok Leyland: Mitessh Thakkar

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "I have two calls, a sell on Biocon, the entire pharma pack is going through some kind of a correction with the negative newsflow. Lupin, Biocon etc all are correcting, so Biocon is a sell with a stop loss at Rs 1,082, look for target of around Rs 1,030."

"Ashok Leyland is continuing the strong upmove which it saw on Friday and that is a buy at current level with a stop loss at Rs 85 for target of Rs 91," he added.