Sell Indo Count, KPIT Tech; buy NIIT Tech, Bliss GVS Pharma: Mitessh Thakkar

Mitessh Thakkar of mitesshthakkar.com told CNBC-TV18, "Mostly the calls are on the sell side. I have a sell on Indo Count Industries. I would want to see it break below Rs 187. So, about 1 percent lower from here. If it does that, sell with a stop loss at Rs 192 and look for target of Rs 175."

"KPIT Technologies was a recommendation earlier as well. It has broken very important support levels of Rs 126-127. So, any morning gap up around Rs 124 would be an excellent selling time. Keep a stop loss at Rs 128.5 and look for a target of Rs 115."

"Third sell call is on Reliance Power where again I would want to see it break marginally below the current closing price. I would want to see it trade below Rs 45.80-45.50. Once it does that, sell with a stop loss at Rs 47 and look for target of around Rs 42."

"I have two buy calls. The first one is NIIT Technologies which after a good rally has given a correction and a pullback to important moving averages. So, keeping a stop loss below Rs 479, this one can be bought for target of Rs 505," he added.

"Amongst the midcap names, one stock which is still doing well is Bliss GVS Pharma. It gave a good swing and a price volume breakout yesterday. So, buy with a stop loss at Rs 182 and look for Rs 220 as the target," he said.