Buy Bharti Airtel, MRF; sell Biocon: Mitesh Thacker

Mitesh Thacker of miteshthacker.com told CNBC-TV18, "Most of the stocks appear to have completed some kind of correction and possibly could get into an uptrend despite the fact that Bharti Airtel did correct two-days back. My sense is that, if it can sustain above levels of Rs 312, expect target of around Rs 335-338 on the upside.""In Idea Cellular, I am quite positive, it needs to start getting past and trade above Rs 75 and once it does that, we would look at targets close to about Rs 84-85 as well," he said."Bharti Airtel is something I would be comfortable buying. It is a buy with a stop loss at Rs 317 for targets of Rs 338.""HDFC is one stock which has cracked 3.5-4 percent early in the trade. So in case, the stock gives a bit more bounce back, around Rs 1,200, I would take a short position with a stop loss at Rs 1,220 for targets close to about Rs 1,160.""Barring Apollo Tyres, most of the other tyre stocks appear to have stemmed the downtrend and they will possibly do some kind of intraday pullback. So currently, I would trade MRF on the long side with a stop loss below Rs 48,850 and look at targets close to about Rs 50,600 on the upside," he added."I have a buy on Dabur India with a stop loss of Rs 282 for targets of Rs 295. I had a conditional sell on HPCL, if it breaks Rs 432, it has rebounded from those levels itself. For the time being, that can be avoided. I would suggest a very short term trade in Biocon, it is giving a breakdown on the intraday charts. So, sell with a stop loss at about Rs 911 and look for targets close to about Rs 870."