Buy HDFC, Jubilant Foodworks:Mitessh Thakkar

Mitessh Thakkar of mitesshthakkar.com told CNBC-TV18, "I have a buy on Housing Development Finance Corporation (HDFC). That is a buy with a stoploss at Rs 1,718 and look for target close to about Rs 1,775. Jubilant Foodworks is a conditional buy. Once it gets past Rs 1,338, buy with a stoploss at Rs 1,314 for target of around Rs 1,395."

"Pharmaceutical stocks have been extremely oversold and what is happening possibly here is some kind of a dead cat bounce. So, it will be eventually a shorting opportunity, but this bounce back could last for another one to two sessions."

"I think Sun Pharmaceutical could possibly head towards levels of Rs 475-480 once it manages to get past Rs 455. Similarly, for Lupin, my sense is that after falling for last two weeks, and making fresh lows, the stock needs to clear Rs 960 and then a bounce back could happen which could take it to levels of about Rs 1,010. So, extremely oversold stocks, looks like some kind of relief rally might come in here," he added.