Go long in Educomp Solutions: Bhamre

Bhamre told CNBC-TV18, "Market would open gap up and most of the guys who are short in large caps would cover their short positions. So you would ideally not get chance to play with a positive bias from intraday or probably from a day or two perspective in large caps. So I think midcaps may not open a gap up and that is where we are identifying stocks which are light in open interest."

He further added, "Educomp saw huge amount of built up of long positions around Rs 200-204 levels. But ever since then market started correcting from 14th March onwards and Educomp has corrected to Rs 191-192 with very less volumes and on long unwinding. So I anticipate that there would be a good amount of fresh long built up, which would take place and Rs 190 is very good support. So one can go long at current levels and probably stop loss of Rs 184 is good enough for this stock and I am expecting probably Rs 207-208 as a target price for this stock."