Sell Ceat, Godfrey Phillips; buy Oil India: Mitessh Thakkar

Mitessh Thakkar of mitesshthakkar.com told CNBC-TV18, "Ceat has had a breakdown kind of candlestick pattern yesterday, a bearish one, so sell with a stoploss at Rs 1,730, look for Rs 1,630 kind of a target."

He further added, "Godfrey Phillips India along with ITC, both these stocks are looking weak and I have chosen Godfrey Phillips India. Sell with a stoploss at Rs 996, look for Rs 910 kind of a target."

"In MCX the indicators are turning quite negative here, so that is a sell as well. Keep a stoploss at Rs 1,086, look for a target close to about Rs 1,000."

"Oil India is something which has not fallen in this correction, it is still doing a sideways consolidation. The breakout happens above Rs 334.50-335, so buy with a stoploss at Rs 329, look for targets of Rs 348."

"The longer-term charts remain very strong for Tata Global and it has come to the short-term support zone of Rs 195-194. So I would be a buyer here with a stoploss below yesterday’s low of Rs 192 and look for a target of around Rs 206."