Buy Amara Raja Batteries, Tata Consultancy Services, IndusInd Bank: Yogesh Mehta

Yogesh Mehta, Associate VP- PCG Advisory Equities at Motilal Oswal told CNBC-TV18, "We are recommending Amara Raja Batteries in the auto sector as a buy. Previously it has made a multiple resistance level at around Rs 920-922 levels. Now, considering that as a support, keeping Rs 915 as a stop loss, one can look at Rs 980 as a price target on a technical front with three to four days view, not intraday."

"The other one is on the IT side that nobody is looking at it. Tata Consultancy Services (TCS) has given a good breakout above 200-day moving average. So, today it is quoting at Rs 2,430 in futures segment, we are giving a buy recommendation there, keeping a stop loss of Rs 2,380, target should be around Rs 2,500-2,515," he said.

"The third one is IndusInd Bank which has broken out above Rs 1,430 level and Rs 1,425 level. So, there we are looking at Rs 1,470 as a price target, keeping Rs 1,415 as a stop loss."