Technical Analyst, Varun Daga- Founder and CEO of varundaga.com is of the view that Oil Country Tubular can test Rs 175 in short term.
Daga told CNBC-TV18, "Oil Country Tubular has consolidated well; it has shown a break up move in the recent past, so I think we can see a level of Rs 175 on this soon which is a gain of around 25%.
He further added, "I like whole auto ancillaries space most of them are doing fine. Amara Raja consolidated brilliantly, sideway consolidation from Rs 180-165, so it's showing very good break out signals and I think at current levels one could enter. The near-term target is around Rs 210 and we have a long-term target of Rs 240 on this stock. So there is a good chance of making money in some of these stocks and you can ride the uptrend in these."
