Sell UltraTech Cement, Pidilite Industries: Mitessh Thakkar

Mitessh Thakkar of mitesshthakkar.com told CNBC-TV18, "ICICI Prudential Life Insurance Company is one of the weakest stocks. That is on the short list. The strong one is Bajaj Finance and yesterday’s lows was the important support. So if I want to trade Bajaj Finance, I would wait for the yesterday’s lows to be taken out and once that happens, very clearly, which is just below levels of around Rs 1,760, I would go short there as well."

He further added, "Dr Reddy’s Laboratories and Bajaj Auto are the stocks, which are still showing signs of an uptrend, so maybe mild longs over there."

"One can sell UltraTech Cement with a stoploss at Rs 4,000 for target of Rs 3,850 and sell Pidilite Industries with a stoploss at Rs 812 and look for Rs 770 kind of a target. It has declined a bit, so try to sell it around Rs 798-797 zone."