Buy Tata Global, RComm, Oil India, Rallis India: Mitesh Thacker

Mitesh Thacker of miteshthacker.com told CNBC-TV18, "Tata Global Beverage is making a contracting triangle pattern on intraday charts. I expect the break out to see prices above Rs 141.50, so it is a conditional buy. Buy above Rs 142, keep a stop loss at Rs 139, look for Rs 150 as the first target.""Reliance Communications, after long time is showing some signs of possibly short-term upmove, can be bought with a stop loss below Rs 50.70 and I would look for targets of around Rs 55," he said."I have a buy on Oil India around current level and on any dips at about Rs 382, keep a stop loss at Rs 374 and look for targets of Rs 405.""Rallis India had a good price volume and swing break out, so that is a buy with a stop loss at Rs 222, targets of Rs 250.""I have been bearish on Larsen and Toubro (L&T) for sometime but it is kind of taking support at the weekly pivot of Rs 1,461-1,462. So if it breaks Rs 1,460, take a short position with a stop loss at Rs 1,480 and Rs 1,420-1,415 could be a good short-term target. The sell will trigger only if it dips below Rs 1,460."