Buy Lupin, Bata India, LIC Housing Finance: Chandan Taparia

Chandan Taparia of Motilal Oswal Securities told CNBC-TV18, "We are positive on Lupin. The stock has taken multiple support at Rs 1,420-1,444 kind of levels. We have seen built up of long positions followed by short covering. So, the stock looks quite attractive for an upside move towards Rs 1,530-1,550 kind of levels. So, recommending to buy with a stop loss of Rs 1,460 for the upside target of Rs 1,530 level."

"Second trade is buy on Bata India. This stock is up by around 10-12 percent. It did significant built up on long positions making higher tops, higher bottom formation. So expecting it to continue to rally towards Rs 572, one can buy with a stop loss of Rs 530," he said.

"Last trade is a buy on LIC Housing Finance. Recently, it has taken support near Rs 579 which used to be the earlier hurdle for the counter. Overall trend and sentiment is positive and positive sector outlook is also supporting the strengths in the counter. So expecting this stock to head to higher levels. It has managed to surpass Rs 600 levels and now unwinding 600 Call may take it to Rs 610-615 levels. So traders are recommending to trade with 600 Call with a stop loss of Rs 5 and expecting this Call to head towards Rs 15," he added.