Sell Bata; buy Apollo Hospitals, Havells India: Rahul Mohindar

Rahul Mohindar of viratechindia.com told CNBC-TV18, "I will be looking at a sell trade on Bata India. The stock is very weak, potentially breaking its near-term support levels and even though it has gone into new intermediate low, we think it will test levels of Rs 425-430. So with a stop loss at Rs 462 we would sell Bata at current price." "We are positive on Apollo Hospitals. We are looking at Rs 1,480 as a potential target in the near term with Rs 1,360 as the stop loss," he said."Havells India is in our long-term positive list, so we are using the correction to get in. The level of Rs 296 would be the near term target with Rs 275 as the stop loss."