Mitessh Thakkar of mitesshthakkar.com told CNBC-TV18, "I have more of sell calls today after a long time. I think there could be a lot of breakdowns happening in the stocks as well. I have four sells."
"IGL is a sell where we have seen some negative crossovers of indicators. So, keep a stop loss above Rs 1,023.50, look for a decline to about levels of Rs 960."
"M&M Financial also broke key support of Rs 324. So, just keep a stop loss above that and look for a target of around Rs 305."
"A sell on BPCL which is a conditional sell. There are some kind of bearish pattern being formed but the break down happened below Rs 708. So sell then with a stop loss at Rs 724.50 and look for target of around Rs 680."
"Aban Offshore is a cash stock which is on the sell list. It has broken key supports of Rs 218-219. So, I would sell with a stop loss at about levels of Rs 224 and look for targe of Rs 200," he added.
"The solitary buy call is from IT pack, Wipro. I think it is clearly now showing good strength. Gone past the earlier weekly pivots of Rs 515, so, keep a stop loss below that, Rs 514.50 is what I recommend and Rs 550 is the target."
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