Buy Indocount Industries, TV18 Broadcast: Hemant Thukral

Hemant Thukral of Aditya Birla Money told CNBCV-TV18, "We have selected two stocks. These are both midcaps which have seen pick up in rollovers in a long time. One is Indocount Industries. This stock was actually battered down from Rs 200 to Rs 98 in three series. Now, after a long time we have started seeing some good rollovers."

"In fact if our calculation is right it would end up with a rollover of around 88-90 percent which will be a big jump if you see its last three months' average rollovers. The stock has also formed a very strong bottom now, around Rs 112-115. We expect it to test Rs 128-130 zones. That is the first zone that we will be targeting."

"Second is TV18 Broadcast. After a long time we are seeing media stocks picking up in rollovers. Zee Entertainment showed good results, but more than Zee, I like TV18's rollovers. The way the rollovers have started to pick up, we feel this momentum will continue and in next series, in 2-3 series we expect a target of Rs 45-46."

"So we have selected basically these two midcaps which have basically outperformed their own rollovers. So, it is clearly telling that a lot of long positions are getting built up in the next series," he added.

Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd