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Last Updated : Jan 31, 2018 01:18 PM IST | Source: CNBC-TV18

Buy Bharti Airtel, Tech Mahindra; short TVS Motor: Yogesh Mehta

Yogesh Mehta, Associate VP at Motilal Oswal is of the view that one can buy Bharti Airtel and Tech Mahindra and short TVS Motor Company.

CNBC TV18 @moneycontrolcom

Yogesh Mehta, Associate VP at Motilal Oswal told CNBC-TV18, "For trade purpose, we would recommend traders to have caution ahead of volatility day tomorrow and we may see some more volatility as the VIX is going down. So the trades which we are recommending is purely on the intraday basis rather than carrying it over tomorrow or maybe if it is being carry forward then be that square of on before Budget session so to avoid any major dent into the trade position."

"We are recommending Bharti Airtel where it is near to its 200-day simple moving average and taking support since last two to three days. Current price in the future segment is Rs 445 to Rs 446 level. We are recommending to buy with a price target of Rs 456 and keeping a stop loss of nearby to Rs 441," he said.

"The other stock is on short side on TVS Motor, currently it is quoting at Rs 689, post results it has been dent and now after a long time it is trading below its 10-20 day moving average. So, we are recommending a short here at Rs 689 keeping objective of Rs 673 as a price target and stop loss would be near to Rs 694 levels."

"Tech Mahindra had strong positioning since last two to three days, open interest is also building up. Current price is Rs 608 in future segment and keeping a near term stop loss of Rs 602, target can be looked at around Rs 616," he added.
First Published on Jan 31, 2018 01:15 pm
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