Go long in private banks; short PSU banks, short IFCI: Thacker

Mitesh Thacker of miteshthacker.com told CNBC-TV18, "HCL Technologies after that big gap up opening post the numbers is now consolidating for few days, ready for another leg of upmove, it should retest Rs 850-855 and possibly head higher. Compare that to a chart of Wipro and Infosys, it is looking to me slightly on the negative side.""Similarly on the banking side, some of the private sector names are still looking pretty interesting, Kotak Mahindra Bank, IndusInd Bank and HDFC Bank for that matter while the PSU banks which were showing promise on Friday had some negative breakdowns yesterday. So, maybe you would want to try and find some pair trades where you go long on the private sector banks while try and identify short positions in the PSU lot," he said."IFCI clearly reacted negative to the numbers, there was a sharp breakdown. So, technically it suggested that there is a good chance of more downsides happening. I would look at targets of around Rs 24.50 and short this stock with a stop loss of Rs 28.""LIC Housing Finance never had a closing above Rs 530 but it is right now getting below that. The indicator set up is positive, so if it starts getting past Rs 530 with good volumes, I would be a buyer with a stop loss at Rs 519 for first target of Rs 555.""After the opening, if there is a strong gap opening in Rural Electrification Corporation (REC), maybe yes but for the time being the stock has given some kind of intraday breakout, so it is a minor breakout on the charts. I would look at the first target of Rs 232, maybe in case we have a stronger opening and good volumes then maybe Rs 240 can be possible and long positions can be taken with a stop loss at Rs 219.""We have seen some intraday signals in Coal India. It is a buy with a stop loss of Rs 327 for targets of Rs 342.""We had a buy on Tata Motors DVR yesterday as well. I am still positive. The stock can head towards Rs 345-346 and fresh positions now can be bought with a stop loss just below Rs 330.""All these power stocks are doing very well. JSW Energy has had a good breakout. So, it can be bought with a stop loss below Rs 83 for targets of Rs 90.""Glenmark Pharma is another stock which is showing signs of an uptrend. So that is a buy with a stop loss below Rs 854 for targets close to about Rs 890."