Short Mahindra and Mahindra, advises Mitessh Thakkar

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "We are still trying to explore some kind of shorting opportunities. I like to short Mahindra and Mahindra (M&M). I think that is giving some kind of mild break down on the intraday charts. If it breaks levels of around Rs 1,290, I think that will be good short with a stop loss just above Rs 1,307 and would look at target of around Rs 1,260."At 10:12 hrs Mahindra and Mahindra was quoting at Rs 1,286.00, down Rs 22.55, or 1.72 percent. It has touched an intraday high of Rs 1,305.00 and an intraday low of Rs 1,284.00.