Sell Can Fin Home, Cummins India; buy Bharti Infratel, Havells India: Mitessh Thakkar

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "PSU banks are the ones where the trouble looks the biggest. I have Bank of Baroda which is a conditional sell. I would want to see the stock break below pivot levels of Rs 136.50, sell then with a stop loss at Rs 141, look for Rs 127-126 kind of a target."

"Can Fin Home Finance is a sell as well. Preferred range is Rs 2,560 to about Rs 2,575. Slowly take short positions in that range. Keep a stop loss at Rs 2,625 and look for declines to about Rs 2,450. My third sell call is on Cummins India with a stop loss at Rs 912, I will sell for targets of Rs 845."

"I have two buy calls as well, Havells India is a buy, keep a stop loss at Rs 516, look for target of Rs 550. Bharti Infratel yesterday gave a very good signal on the intraday charts, possibly suggesting some continuation of the up move. So, that is a buy with a stop loss at Rs 403.50 for target of Rs 428," he added.

"I would be a buyer in Sun Pharma with a stop loss at Rs 530 for target of Rs 565. Bank of Baroda has the right time to start shorting, go aggressively short if it breaks Rs 136-136.50, add to your short position but even now sell with a stop loss at Rs 141.50 for target of Rs 127."