Buy Cipla; sell Reliance Comm, Tata Steel: Mitesh Thacker

Mitesh Thacker of miteshthacker.com told CNBC-TV18, "I have one buy and two sell calls. The buy is on Cipla which has made a fresh weekly closing high, continues to show signs of uptrend, so buy now with the stoploss at Rs 580 for targets of Rs 615.He further added, "Tata Steel which is broken below key pivot levels Rs 360-365, I would sell that with a stoploss at Rs 370 for targets of Rs 340 and sell Reliance Communications with a stoploss at Rs 50.50 for targets of around Rs 43."