Buy Arvind, LIC Housing Finance: Chandan Taparia

Chandan Taparia of Motilal Oswal Securities told CNBC-TV18, "We have positive view on couple of midcap idea and what I understand is that if Nifty sustains now above 9,928, then midcap stocks or stocks which were underperforming, would see more positive stance with better risk reward ratio. So first trade is a buy on Arvind, with a small stop loss of Rs 364 for an upside target of Rs 383. The stock has taken multiple support near Rs 357 and so is in the positive price action now."

"Second trade is a buy on LIC Housing Finance. This is time for LIC Housing Finance to catch the momentum. It has seen the rollover of 84 percent, so, recommending to buy with a stop loss of Rs 663 for an upside target towards Rs 700."

"One strategy is on Zee Entertainment where we are expecting positive move towards Rs 540 levels," he said.