CA Rudramurthy BV of Vachana Investments told CNBC-TV18, "I am bullish on Voltas. Yesterday, the stock has given a clear breakout above levels of Rs 510. In the last two days you can see a lot of delivery based volume getting accumulated in this stock. Today huge open interest addition is seen on the positive side. So the stock can definitely head towards levels closer to Rs 580. One can have a stop loss at Rs 515, the breakout level for Voltas."
"I have a second buy call on Bata India. Again this stock has seen huge breakout above levels of Rs 595. Today a lot of open interest addition is seen in this stock and it is looking very positive and strong. Definitely, one can have a positional buy call on Bata India. Look at initial target of Rs 650. Eventually even Rs 700 plus levels are visible. Have a stop loss of Rs 595 for this long call," he added.
"Just to have a hedge, I have a sell call on Suzlon Energy for very short term. This stock has broken crucial support at Rs 18.80 and today it is trading below these levels. Again open interest on the short side is getting added in this counter. Look at initial targets of Rs 17 on Suzlon with a stop loss of Rs 18.60," he added.
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