Gaurav Bissa of LKP Securities told CNBC-TV18, "First is a buy on Coal India. We have seen a lot of selling happening in Coal India. There is exhaustion in short positions taking good support at Rs 240-242 zones. So using Rs 242 as a stop loss, one can buy Coal India for trading target of Rs 255. Have a stop loss of Rs 242."
"Titan Company looks weak. It has been seeing decent accumulation in short positions consistently from Rs 525 zones. It is not trading below the crucial zones support levels of Rs 515. The stock can head towards Rs 490, maybe below that levels. So on that premise one can sell Titan with a stop loss of Rs 515 and target can be Rs 490," he said.
"Final recommendation would be buy on Reliance Capital. We have seen a lot of breakout happening. The stock has been consolidating. Good amount of longs are getting build even today and as long as it is above Rs 650, there is a possibility it may test Rs 675-680 in the current series. So, on that premise one can buy 660 Call option. It has moved up a bit, if you get it around Rs 5, have a stop loss of Rs 2 and play for targets of Rs 10-15."
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