Buy Torrent Pharma, Wockhardt, HUL; sell Canara Bk: Thakkar

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "I have three buys and two sells and possibly couple of pharma names on the buying side. Clearly, that sector had some kind of break out yesterday and lot of stocks are showing good set ups on the intraday chart. I will begin with a buy on Torrent Pharma where we had a bullish break out candlestick pattern. So buy with a stop loss below Rs 1,320 and look for Rs 1,385 as the first target." "Wockhardt was clearly buzzing with big price and volume action yesterday, can head towards levels of around Rs 800. So that is buy with a stop loss below Rs 739. I also have a buy on Hindustan Unilever (HUL) which is a conditional buy because the stock is doing a range of about Rs 870 to about Rs 850. I would want to see this stock get past Rs 870. Incidentally, that is also the 200-day average area. So, buy above that and keep a stop loss at Rs 859 and look for target of Rs 895," he said."Two sell calls; the first is a sell on Canara Bank below Rs 287.50 or Rs 287, keep a stop loss at Rs 292 and look for target of Rs 275. IDFC Bank is a sell as well, keeping a stop loss at Rs 63.80 for a target close to about Rs 58."