Moneycontrol
Feb 04, 2016 03:11 PM IST | Source: CNBC-TV18

Buy Titan Company, Shriram Transport: Chandan Taparia

Chandan Taparia of Anand Rathi Securities recommends buying Titan Company and Shriram Transport.

Chandan Taparia of Anand Rathi Securities told CNBC-TV18, "Market is highly volatile. We have seen sustained buying interest but on upside follow-up buying is missing. So, looking at the entire scenario, we are recommending few trading ideas. First is a buy on Titan Company. The stock has taken recently support above its 50-day moving average (DMA) and also surpasses multiple hurdle of Rs 367 zone. So, expecting it to head towards Rs 385 level. So, recommending to buy it with a stop loss of Rs 360 for the higher target."

"Second trade would be a buy on Shriram Transport. The stock is holding the gains. It has made a pole and pattern and consolidating in a range with sustained buying at every decline. So, we will suggest to buy with a stop loss of Rs 805 for the upside target towards Rs 880-890 zone," he said.

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