Buy Tata Global Beverage; sell Gail India: Mitesh Thacker

Mitesh Thacker of miteshthacker.com told CNBC-TV18, "Tata Global Beverage is a conditional buy. It has been in the range of Rs 143 to about Rs 134 and the signals are of a positive breakout. If it starts getting past Rs 144, I would want to take a long trade with a stoploss below Rs 140.50 for targets of Rs 152."He further added, "In Colgate Palmolive there is some intraday signals over there. So that is a buy with a stoploss at Rs 964 for targets of Rs 1,000.""The tyre stocks are now quite overbought on the intraday charts, too far away from the short-term moving averages. I would wait for some consolidation or pullback if I was to take fresh position.""I have a sell on GAIL India with a stoploss at Rs 386.50 for targets of Rs 370, while Jet Airways is finally broken out of that Rs 555-525 range and now can be bought with a stoploss at Rs 549 for target of Rs 580," he said.