Gaurav Bissa of LKP Securities told CNBC-TV18, "The first recommendation would be buy on BEML futures. We have seen consistent long positions getting built. Rs 1,900 was a very difficult level to cross. We saw a lot of time unwinding happening around those levels. It is not trading above these levels. One can expect Rs 100 up move coming from the current level. From trading per se, one can have a stop loss of Rs 1,890 and play for target of Rs 1,980."
"Second would be a buy on United Spirits futures, another name to see consistent long positions getting built, rollovers are also quite decent. One can have a stop loss of Rs 2,680 and play for target of Rs 2,780," he said.
"The sole sell recommendation would be on Reliance Communications. Consistent short positions are getting built. 20 Put option commanded very high concentration for last two or three series. It is trading below these levels. With a stop loss of Rs 20.4, one can sell for target of Rs 18.50," he added.
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