Sell GSFC, Jet Airways, ACC; buy NIIT Tech, South Indian Bank: Mitessh Thakkar

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "Gujarat State Fertilizers & Chemicals (GSFC) is a sell, it is possibly making a bearish pattern on the intraday charts, so would sell with a stop loss at Rs 144.50, look for declines to about Rs 132 kind of levels. The next sell is Jet Airways where the indicator is turning quite negative. So this can be sold as well. Keep a stop loss at Rs 565, look for declines to about levels of Rs 515."

"In NIIT Technologies, a very good pricing volume breakout has been taking place. So, I would be a buyer at even current level, keep a stop loss at Rs 515, look for target of Rs 565. South Indian Bank is a buy as well. Would want to buy it with mild dips, so around Rs 31.25-31 would be a good range to buy the stock. Keep a stop loss below Rs 30.25 and look for Rs 33.50 kind of a target," he said.

"A sell on ACC. Again it has intraday sell signals, so keep a very tight stop loss at Rs 1,802 and look for mild declines to about levels of Rs 1,755," he added.

"Jet Airways after Interglobe Aviation's correction is also showing signs of weakness. So it is just breaking below the key support levels of Rs 545-542. I would sell if it breaks Rs 540 and keep a day’s high as its stop loss. That apart, Dr Reddy’s Laboratories will be one of the good picks to trade on the long side."

"I have chosen Torrent Pharma, I think that is the one which has missed the eye. So that is a buy with a stop loss at Rs 1,248. Try to buy it around Rs 1,270-1,275 zone and look for the targets from Rs 1,320, keep a stop loss at Rs 1,248. NBCC had a good gap up opening and should see follow through. So, some intraday pullback has happened. So, it is good levels to buy, keep a stop loss at Rs 219, look for a target of Rs 236 in the next few days," he added.