Buy Apollo Tyres, Cipla: Prakash Gaba

Prakash Gaba of prakashgaba.com told CNBC-TV18, "I have two longs calls. Apollo Tyres is looking good. It has seen a good base formation and looks like the stock can climb to levels closer to around Rs 255 zones, keep stop loss below Rs 243."

"I also like Cipla, it certainly is looking good. The stock is trying to form a kind of a good support closer to Rs 617-615 zones. Cipla can climb to levels closer to Rs 638; it may take a day or two for that. So Cipla is looking good as well," he said.

At 14:38 hrs Cipla was quoting at Rs 626.30, up Rs 3.00, or 0.48 percent. It has touched an intraday high of Rs 630.45 and an intraday low of Rs 616.20.

Apollo Tyres was quoting at Rs 247.35, up Rs 3.80, or 1.56 percent. It has touched an intraday high of Rs 249.70 and an intraday low of Rs 243.75.