Sell Axis Bank, Canara Bank; buy Gati, Adani Ports: Thacker

Mitesh Thacker of miteshthacker.com told CNBC-TV18, "We are looking at Axis Bank as the first sell call. It is a sell with a stop loss at levels of Rs 505 and I would look at positional targets of Rs 455.""Allahabad Bank and Canara Bank are two other banking sell calls. We have seen negative crossovers of intraday indicators on Canara Bank. That is a sell with a stop loss at levels of Rs 320 for targets of Rs 300," he said."Similar set up is happening in Allahabad Bank where I would suggest selling with a stop loss at about Rs 77.50 for the first target of Rs 73 and below which I do expect Rs 69 to be tested.""I also have a buy on Gati, which had a good pricing volume breakout and it is also giving signals of sustained uptrend. So I would buy this one with a stop at Rs 135 for targets of Rs 165.""Adani Ports, which after numbers, had a good breakout. Yesterday, it was giving pullback to its intraday averages. These are good levels to initiate long positions. So that is a buy with a stop at Rs 295 for targets of Rs 325."