Sell RBL Bank, Ramco Cement; buy JSW Steel, JSPL, SCI: Mitessh Thakkar

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "Couple of metal names could be interesting on the buy side. Broadly, what has happened is that couple of banking names are also started to correct and I have one of them as the sell recommendation. So I have two sell calls, one of them is RBL Bank. It is going through some kind of mild weakness and corrective set up. So sell with a stop loss at Rs 518, look for target of Rs 470. The other sell is Ramco Cement with a stop loss at Rs 692, look for declines to about Rs 630."

" I have three buy calls. The first is JSW Steel with a stop loss at Rs 200.50, look for target of Rs 214 and Jindal Steel Power with a stop loss below Rs 119.80 for target of Rs 129."

"Amongst the midcap cash stocks, I have a buy on Shipping Corporation of India (SCI) which appears to have complete a good pullback. So, buy with a stop loss at Rs 80 and look for target of around Rs 90," he said.

"Larsen and Toubro (L&T) has broken down so that is a sell with a stop loss at Rs 1,700, look for targets close to about Rs 1,630 and try to sell around Rs 1,675-1,680 range. The other one is Karnataka Bank, which I would sell with a stop loss at Rs 165.25 and look for a decline to about Rs 152."