Bharti Infratel may touch Rs 420: Mitessh Thakkar

Mitessh Thakkar of mitesshthakkar.com told CNBC-TV18, "Bharti Infratel has opened with a strong movement, it is up about 3 percent and is giving some kind of a breakout, so keeping a stoploss at about Rs 398-399, I would look for target of Rs 420 there."

He further added, "HUL is breaking below key levels and in fact, to certain extent fast moving consumer goods (FMCG) chart looks weak, so HUL with the day’s high can be a short trade and apart from that I think Bajaj Auto is something which is held out very nicely in its entire decline and if it starts getting past Rs 3,070-3,075 as a conditional buy, I think then I could want to take a long with a stoploss below Rs 3,050."

"HUL is a sell with a stop loss at Rs 1,207 for targets of around Rs 1,150. Bajaj Auto is a buy, keep a stop loss at Rs 3,040 or just below it and then look for Rs 3,145-3,150 kind of a rally."