Mitessh Thakkar of mitesshthakkar.com told CNBC-TV18, "Apollo Tyres has broken key levels of Rs 240-241, so sell it with a stoploss at Rs 243.50 and look for declines to the 200-day average level of Rs 228."
"Indiabulls Housing Finance is a buy – very nice intraday set up over there. One can keep a stoploss at Rs 1,239 for target of Rs 1,295."
"I have one more sell, that is on Maruti Suzuki which had a negative crossovers on the intraday hourly charts and despite good news, it was weak yesterday, so that is a sell with a stoploss at Rs 7,930 for target of Rs 7,700."
"Reliance Industries (RIL) is a buy with a stoploss at Rs 800 for target of Rs 850 and Tata Motors DVR appears to be giving signals of a mild uptrend, so it could head towards Rs 260 and that is a buy with a stoploss below Rs 230," he added.
Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.
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