Buy Asian Paints, Axis Bank, Marico; sell Tata Motors: Thakkar

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "I have four buys and one sell. The buys are on Asian Paints where we saw some intraday signals yesterday. I would recommend buying this one with a stop loss below Rs 976.50 for target close to about Rs 1,020.""I would buy Axis Bank with a stop loss at Rs 493 and look for target of Rs 525. Also buy on M&M Financial Services, the set up is very similar to Asian Paints. Good intraday charts, mostly buys on the upside. So buy with a stop loss at Rs 292, look for Rs 315 as the target," he said."A buy on Marico as well which is now after a few days of consolidation showing some continuation signals of the uptrend. So, buy with a stop loss at Rs 268, look for target of Rs 286.""The solitary sell call is on Tata Motors. After that big gap down, in last few days this stock has slowly moved on the upside and is back on the gap supply zone, so this is a good level to go short, keeping a stop loss at Rs 287, look for target of around Rs 265.""Getting past this Rs 1,110-1,125 zone is very good for the medium-term to longer-term charts of Reliance Industries. I think that we would look at similar targets of around Rs 1,300-1,350 over here and would be now with a buyer with a stop loss below Rs 1,110."Disclosure: Reliance Industries owns Network 18 that publishes Moneycontrol.com.