Watch the interview Chandan Taparia of Anand Rathi with Ekta Batra & Anuj Singhal on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
Below is the verbatim transcript of Chandan Taparia's interview with CNBC-TV18
Bharat Forge
"Bharat Forge has recently taken multiple support near to Rs 1,145-1,160. Yesterday given the highest daily close in last seven, eight trading sessions, the stock is holding again even after the weakness in the market and all set to see the next round of momentum. We have seen some fresh built up of long positions and now short comings may take it to higher levels."
"We are recommending to go long on Bharat Forge. Keep the stop loss of Rs 1,180 and trade for the upside target of Rs 1,300," he said.
Tata Consultancy Services
"Tata Consultancy Services (TCS) fell down after the weak corporate results, the stock has corrected from Rs 2,700 to Rs 2,400 odd level. After the recent bounce back moves, again we are witnessing some selling pressure. We are recommending to buy 24.50 put with stop loss of around Rs 11 and this put can target to Rs 31."
Coal India
"Coal India is falling down from last three weeks witnessing sustained selling pressure at higher levels. We have seen some fresh built up for short position. It has immediate support near to Rs 372 and below that we may see fresh round of selling pressure. So, we are recommending to sell Coal India with a stop loss of Rs 380 for the downside target of Rs 358."
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