Buy Reliance Industries, M&M may move to Rs 1340-1350: Mitessh Thakkar

Mitessh Thakkar of mitesshthakkar.com told CNBC-TV18, "Mahindra and Mahindra (M&M) still interests me. Yesterday also we saw some kind of an upmove and even if it starts getting past Rs 1,310, I think the upside could extent to about Rs 1,340-1,350 levels."

"I have Reliance Industries as a buy recommendation, Rs 850 was the recent high, a retest of that high looks very likely. Most likely it will even get pass to those levels but short-term traders can start working with the target of Rs 850 to begin with."

"Havells is showing signs of continuation, it should head towards Rs 518-520 and beyond that bigger move can happen. I think Berger Paints is something which has opened strongly and the intraday chart set up is quite positive. So keeping today’s low as stoploss, that could be a long trade as well."

"I had a buy on Glenmark Pharma, around Rs 612-613 would be an interesting buy. Keep a stoploss at about levels of Rs 600 and Rs 635-636 should be the first target on the upside."

Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.