Buy NTPC, Oil India; sell HUL, Ceat: Mitesh Thacker

Mitesh Thacker of miteshthacker.com told CNBC-TV18, "I have a mix of buy and sell calls. The buys are on Engineers India, which has just broken on the upside, it is a buy with a stoploss of Rs 274, targets of Rs 305. NTPC is a buy as well where I would buy with a stoploss at Rs 156 for target close to Rs 166. Third buy is a conditional buy on Oil India, which I want to see the stock price break above Rs 421 on intraday charts. Once that happens, this one can be bought with a stoploss at Rs 414 for target of Rs 435."He further added, "Couple of sell calls, first one is Ceat, which is trading above pivot support. If it breaks Rs 1,195 support then short with a stoploss at Rs 1,221 for target of Rs 1,150. Similar observation on charts of Hindustan Unilever (HUL), where I would want to sell the stock if it breaks Rs 800, and then sell with a stoploss at Rs 811 for target of Rs 775."