Buy Bharat Financial Inclusion, RBL Bank: Chandan Taparia

Chandan Taparia, Motilal Oswal Securities told CNBC-TV18, "Recommending going long with couple of trading stocks which have seen build-up of long positions and rollovers are better comparatively. First trade is buying on Bharat Financial Inclusion. The stock has seen strong momentum in the last series. We have seen significant jump in trading as well as open interest activity in the last two trading sessions. It is also forming a positive price pattern on the chart, so recommending buying on small decline with a stop loss of Rs 795 for an upside target of Rs 860."

"A buy call on RBL Bank. We have positive view on a couple of private banks. IndusInd Bank, Kotak Mahindra Bank, ICICI Bank and HDFC Bank are likely to perform but in terms of risk reward ratio I have selected RBL Bank. In the last one hour of the trading session the stock did well. It has managed to find support near Rs 525 and towards Rs 540 zone. So recommending to buy with a stop loss of Rs 525 for an upside target towards Rs 555 level," he said.

"Third stock is Option strategy which is Zee Entertainment that has recently seen the decline but major trend of the stock is positive. It has seen strong momentum from Rs 491 to Rs 555-560 levels and we are expecting this stock to move on higher side. So, recommending a buy with bull call spread - buy 540 Call, sell 560 Call. The risk reward ratio is 1:3, the maximum risk is 7 points and risk reward is near 13 points," he added.