Buy Kotak Mahindra Bank, Tata Motors, CG Power: CA Rudramurthy

CA Rudramurthy of Vachana Investments told CNBC-TV18, "I have thee buy calls. My first buy call is on Kotak Mahindra Bank. Even in last two to three days when markets were bad or correcting, Kotak Bank showed lot of strength. Lot of open interest addition and rollover is seen in next month contract and for me Kotak Bank looks ready for targets closer to Rs 975 initially. The stock can even touch four-digit and move above Rs 1,000 levels very soon. Have a stop loss of Rs 930 and go long on Kotak Bank."

"I have a second buy call on Tata Motors. Even before results, at levels closer to Rs 430-440 I am recommending buying Tata Motors. Even post results, I definitely see a lot of accumulation which has happened from strong hands. Next month series again, if you see, open interest addition is on the positive side, rollover again on the positive side says to me Tata Motors has further added up. The level of Rs 525 will be my initial target for the next month contract on Tata Motors. Have a stop loss of Rs 470 for this long call," he said.

"Last buy call is on CG Power and Industrial Solutions. A lot of delivery based buying is seen for last two to three days. The stock is definitely positive. Again open interest addition is seen on the positive side. Look at initial target of Rs 100 on CG Power and have a stop loss of Rs 86 for this long call," he added.