Buy Balkrishna Industries, Dabur India: Mitessh Thakkar

Mitessh Thakkar of mitesshthakkar.com told CNBC-TV18, "I have been positive on the metals pack. Tata Steel was a recommendation yesterday. JSW Steel could see some follow-up along with Tata Steel maybe Hindalco. Hindalco is something which I am not very bullish upon. I am more bullish on the ferrous side. So Tata Steel and JSW Steel is what I would be interested into."

"Stocks like Lupin and Wockhardt have had a fresh breakdown while Sun Pharma is still sideways. So I would want to go short in Lupin and Wockhardt."

"State Bank of India (SBI) has been in a range of about Rs 281 to about Rs 292 for the last two and a half weeks and we don’t have any kind of directional bias. So if you don’t get the movement or directional bias, I do not think it is worth taking a long or short but if it starts breaking below Rs 281 on a closing basis or with some kind of volume jerk, there need to be a good short candidate, for the time being there is no trade."

"Tyre stocks are showing some kind of traction today. I have picked up Balkrishna Industries that is a buy with a stoploss at about levels of Rs 1,609 and look for Rs 1,690 as the target and Dabur is another one. After few days of sideways action, this is showing some traction on the intraday charts today. So buy with a very tight stoploss at levels of around Rs 286 and look for Rs 297 kind of a target," he added.