Buy Bharat Financial Inclusion, Kotak Mahindra Bank, Reliance Industries: Chandan Taparia

Chandan Taparia of Motilal Oswal Securities told CNBC-TV18, "We have selected to go with selective NBFC, especially Bharat Financial Inclusion. This stock is all set to give the fresh breakout. We have seen strong momentum and consolidation breakout for last couple of trading session. We have seen the rise in trading volume and delivery volume. So, I am expecting positive move in the counter. One can buy with a stop loss of Rs 1,045 and we are expecting it to head towards Rs 1,111 level."

"Second trade is on private bank - Kotak Mahindra Bank. It is the strongest counter which has emerged in last couple of trading sessions. Recently, it formed a pollen flag and narrow range price breakout on the daily chart. We have seen good amount of long built up and mechanical indicators are also suggesting a fresh leg of rally to hit the new lifetime high territory."

"So expecting a positive move towards Rs 1,135. One can buy with a stop loss of Rs 1,090."

"Third trade is buy on Reliance Industries. This heavyweight counter has been moving in a broader range between Rs 900 and Rs 960. Recently, it formed a positive price pattern and Put writing is visible at lower strike. So, I a expecting it to surpass or head towards upper band of the trading range. One can buy with a stop loss of Rs 917 and this stock has potential to test Rs 960-965 levels," he added.

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