Sell Jubilant Food, Torrent Pharma, CCL products; buy Anant Raj Industries: Mitessh Thakkar

Mitessh Thakkar of mitesshthakkar.com told CNBC-TV18, "Once we get past Rs 455 on Tata Motors and that could happen in the morning gap itself, near-term target should be around Rs 480 on the stock and I am even looking at the Rs 520 kind of a target. This breaking beyond Rs 455-460 should trigger some kind of a short-term upmove with possible targets of Rs 520 in the next few weeks, while Rs 480 could be achieved possibly in the next one-two days. So I would be quite positive and maybe even look to buy into it if the gap is around only about 2-3 percent."

"I have a mix of sell calls and buy calls. Tata Motors does figure in the list of recommendations. Jubilant Food is a sell. It has broken below the 200-day average, there is some negative signal on the intraday charts. I would sell this with a stop loss at Rs 1,021, look for Rs 940 kind of a target."

"Torrent Pharma is a sell as well. Keep the stop loss at about levels of Rs 1,282, look for target of about Rs 1,220 and the final sell call is on cash stock that is CCL products, big gap breakdown yesterday, so sell with a stop loss at Rs 325, look for Rs 280 kind of a target," he said.

"Apart from Tata Motors, the solitary buy call is Anant Raj Industries. It has come back to good support levels. So good areas to possibly look for a long or a reversal kind of a trade, buy with a stop loss below Rs 59.90 and look for a bounce to about Rs 64 to about Rs 65."