Buy Ashok Leyland, MMTC: Mitessh Thakkar

Mitessh Thakkar of mitsshthakkar.com told CNBC-TV18, "I think a couple of NBFCs are looking weak and I would want to possibly explore short opportunities especially coming to a stock like Equitas. On Bharat Financial Inclusion I have a negative view but I am waiting for the stock to start trading below levels of around Rs 685 and then maybe take a short call over there. Bajaj FinServ, Bajaj Finance barring Bajaj Finance, most of them are possibly now giving signs of mild tiredness and profit booking, so either you go short with a two-three day kind of perspective or wait for the pullback to happen if you want to get into a swing trade."

"There are reports that government might up the import duty on sugar and that could be positive. Balrampur Chini Mills, Dhampur Sugar Mills, Ugar Sugar, should go through little pullback, so you have to work on individual levels but most of them will trade with a positive bias."

"Ashok Leyland is a stock to get into. We have already recommended this to our clients. Couple of other names, I think Delta Corp does interest me a lot. That is on the verge of possibly triggering some kind of an uptrend. So I would be watching the stock keenly if it starts getting past Rs 165, buy with a stoploss below Rs 158-159 and look for Rs 180-185 kind of a target to begin with, maybe even higher levels and some midcap names, I think Eveready Industries is doing very well, it is making a fresh high, Godfrey Phillips on the intraday charts is pretty interesting as well."

"I have a buy on Ashok Leyland, the momentum is clearly there on the upside. I would buy this one with a stoploss below Rs 94.40 for target of Rs 102. Amongst the smaller PSU names, MMTC and all are buzzing today. Good pattern over there, so that is a buy with a stoploss below Rs 59.50 and look for target of around Rs 66," he added.