Buy Glenmark, Arvind, Alstom T&D; sell Andhra Bank: Thacker

Mitesh Thacker of miteshthacker.com told CNBC-TV18, "I have kept some focus on the midcap space assuming that the outperformance and the signals are there that the outperformance should continue. Glenmark Pharma is showing some continuation patterns, which means that the trend is very likely to sustain on the upside, buy with a stop loss at Rs 894 and look for targets of Rs 950.""Arvind has a good positive set up on the indicated charts, so I am assuming that the rally should extend to the levels of Rs 345, buy with a stop loss of Rs 324," he said."Alstom T&D had a very strong pricing volume break out on Friday and I think that some kind of uptrend has been triggered. The first target should be close to about Rs 368 and this one can be bought with a stop loss just below Rs 338.""Another midcap stock on the buying list is Adani Transmission which is very close to break into all time highs above Rs 41.50-42 levels. So if this starts breaking Rs 42, buy this one with a stop loss at Rs 40 for the first target of Rs 47.50.""Andhra Bank is a sell, where some kind of a bearish price pattern formation is going on. So I would sell this one with a stop loss just above Rs 60.50 for targets close to above Rs 55."