Buy Sun TV Network, Ceat, V-Guard Industries: CA Rudramurthy BV

CA Rudramurthy BV of Vachana Investments told CNBC-TV18, "I have a buy call on Sun TV Network. This stock has given a clear breakout above levels of Rs 880 and last two days we have seen consolidation to these strong support zones. So, bouncing back from the support zone indicates to me a very positive sign on the stock and again today a lot of open interest addition is seen both in current month as well as next month in F&O market. So, Sun TV for me is a clear buy. Don’t look at short term small target, have a target of at least Rs 1,000 on Sun TV and it can even go beyond for a medium to longer timeframe. So have a stop loss of Rs 880 which is the breakout level on Sun TV."

"I have a second buy call on Ceat. Again yesterday the stock has seen huge delivery based buying for last two days and stock has given clear breakout above levels of Rs 1,063. Again this is a candidate which has added a lot of open interest for both current month as well as next month series. So one can definitely go long on Ceat. Expect a target of Rs 2,000 for the next month F&O series, have a stop loss of Rs 1,700 for this long call," he added.

"I have a buy call on V-Guard Industries. V-Guard again has clearly shown an uptrend and Rs 215 has been a breakout level. Today it is staying well above these levels and again delivery based volume is seen with open interest addition. The stock can head towards levels of Rs 250. Again buy it in the next month contract and have a stop loss of Rs 210."