Buy Hexaware Technologies, Apollo Hospitals; sell LIC Housing: Gaurav Bissa

Gaurav Bissa, Derivatives Analyst at LKP Securities told CNBC-TV18, "My first recommendation would be buy on Hexaware Technologies. There is a 32 percent open interest (OI) addition that we have seen on intraday basis. We have seen a significant OI addition happening. So buy above Rs 346-347 and have a stop loss of Rs 344 on the upside for target of Rs 355."

"Second would be a buy on Apollo Hospitals. In last two trading sessions, we saw 5 percent OI reduction happening in the name. We saw good amount of short covering happening and now it has been followed by fresh long positons to the tune 3 percent. It is a positive sign and any dip towards Rs 1,160-1,165 can be bought with a stop loss of Rs 1,145 for target of Rs 1,200."

"LIC Housing is looking weak. In the last two or three days, we have seen decent addition happening as far as short positions are concerned. It has broken the crucial support of Rs 570-575. The stock can now dip another 3-4 percentage points quickly. One can have a stop loss of Rs 572 and play for target of Rs 545," he added.