Sell L&T; buy Indiabulls Housing Finance: Mitesh Thacker

Mitesh Thacker of miteshthacker.com told CNBC-TV18, "What we saw in the last few days was that Larsen & Toubro (L&T) was not breaking below support levels of Rs 1,460-1,465 and yesterday it has done that with some negative crossovers in the intraday indicators suggesting that pressure should be on the downside. So, look for targets of Rs 1,415 and sell with a stop loss just above Rs 1,476.""Indiabulls Housing Finance made a fresh swing high, so I would recommend a long position with a stop loss at Rs 813 for targets of Rs 850," he said. "Torrent Power is a conditional buy. If it gets past Rs 189-190, it will have a break out in the short term. Buy then with a stop loss at Rs 184.50 for targets of Rs 203.""The final buy call is on Bajaj Finance, again a conditional buy. Buy it above Rs 10,350 and you would see some intraday break out and then buy with a stop loss at Rs 10,100 for targets of Rs 10,900."