Sell Coal India, IDFC Bank, Mahindra & Mahindra; buy UPL, Coffee Day: Mitessh Thakkar

Mitessh Thakkar of mitesshthakkar.com told CNBC-TV18, "I have a sell on Coal India. It has been trading with a negative structure, underperforming, not participating in the rally. The stock had a gap breakdown yesterday. So, sell with a stop loss at Rs 284 and look for target of around Rs 268."

"Amongst the banking names, one bank which is really not participating is IDFC Bank. Again, an underperforming stock. It is slipping below key support zones. So, if it breaks Rs 58.75, sell with a stop loss just above Rs 60.50 and look for target of around Rs 55," he said.

"My third sell is Mahindra and Mahindra (M&M) where we are seeing some indicators cross on the negative side which is suggesting that the price could follow. Sell with a stop loss at Rs 1,281 for target of Rs 1,225."

"Two buy names, one of them is UPL. The stock was clearly buzzing but did tail off from the intraday highs yesterday but eventually managed to close above that Rs 745-750 zones. So, buy with a stop losss below Rs 740 and look for target of Rs 800," he added.

"Price in volume and a swing breakout happened in charts of Coffee Day where I would suggest buying with a stop loss below Rs 240 for target of around Rs 265."