Buy RIL, ITC, Motherson Sumi, Century Textiles: Rahul Mohindar

Rahul Mohindar of viratechindia.com told CNBC-TV18, "Some of the heavyweights which are yet to participate, I think the top one on the list is Reliance Industries and I would say that I maybe theoretically a bit early on this but Rs 952 and higher, Reliance should have a good breakout. Those looking at near-term intraday kind of targets would look at Rs 970 potentially but again if you are willing to hold this through the series, I would think about Rs 1,000-1,010 is coming on the stock. So, with a stop loss of Rs 938, I would recommend Reliance."Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com."ITC broke out of the previous intermediate high yesterday and I think going forward in the near-term, probably the next week or 10 days, we should expect levels of Rs 380. So I would buy that stock with Rs 355 as a stop loss. Longer-term traders or investors could be looking at upward targets of even Rs 400 on the stock," he said."Motherson Sumi Systems has been a stock, which has been very rangebound when you look at a very long-term pattern but finally in the last five-six days, we have started breaking out. What I like particularly is that the volumes kicked in and on yesterday's move, I am reading it as a clear breakout. So looking at short-term targets of Rs 290 here, keeping a stop loss of Rs 263.""Century Textiles is one of those stocks for long-term where I have been very positive on. So, after that correction we think Rs 640 with the near-term target I will buy Century with a stop loss of Rs 608.""SBI is a difficult one to comment on but my guess is we would probably be positive and given the kind of technicals set up here, we should probably look at another 7-10 percent upside in the near-term."