Buy Coal India, ONGC; sell Maruti Suzuki, PNB: Mitessh Thakkar

Mitessh Thakkar of mitesshthakkar.com told CNBC-TV18, "I have two buy calls, one is Coal India which apparently is showing some signs of a medium-term reversals. I would like to take a slightly positional trade, buy with a deeper stoploss at Rs 253.50, play out for target of Rs 278. This being a low beta stock, might take a week to a week and a half to reach there."

"Second buy call is on Oil and Natural Gas Corporation (ONGC) where we saw strong pricing volume breakout, that is a buy with a stoploss at Rs 165 for target of Rs 184.

"Cement stocks are showing some signs of weakness, so Dalmia Bharat is something which has given some negative crossovers, I would sell that around Rs 2,640, keep a stoploss at Rs 2,705 and look for declines to about Rs 2,520."

"Maruti Suzuki has had a breakdown on the intraday charts, so that is a sell with a stoploss at Rs 7,950, look for targets close to about Rs 7,780-7,775 and finally a conditional sell on Punjab National Bank, I would want to see the stock break below Rs 135 and then sell. Keep a stoploss at Rs 138.50 for target of around Rs 126," he added.