Panda told CNBC-TV18, "We had given a buy on Coal India Futures at the current level of Rs 334 with target of Rs 345-350 range and strict stoploss of Rs 328. We believe it's a trading idea and there could be after the correction, we can see upside. Metals are correcting, Coal India could go up because that's how the reverse pattern has happen in January."
He further added, "Buy Escorts. Already it has moved up but then we still believe that it has space there and we can see the target of around Rs 88-90 level and we are recommending a stop loss of around Rs 80. So Escorts would be another buy and could be help for trading in with strict stop loss."
