Here are Chandan Taparia's top trading ideas

Watch the interview of Chandan Taparia of Anand Rathi Sec 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-TV18Amara Raja Batteries"Market is continuously finding pressure at the higher levels but now most of the stocks are near to the oversold territory. So we may see small bounce back from the lower levels in selective counters. We have selected Amara Raja Batteries which is holding the strength or has the potential to outperform the market or is low beta compared to the Nifty. That is why I have selected few stocks for the positive as well as the negative side.""Amara Raja has been making higher tops higher bottom formation and holding the gains even after the sharp cut in the markets. I am expecting this strength to continue with the stop loss of Rs 1000 and expecting an upside target towards Rs 1100-1120," he said.Tata Consultancy Services"IT stocks again have started to perform because of the depreciating rupee. TCS and Infosys are quite strong even after the market volatility. We may see upmove towards 2650 to 2700 levels in TCS but as the premiums are quite high, I am recommending to go for the bull Call spread. Buy 2600 Call, sell 2700 Call, in the entire strategy the risk is around 35 points and as per the view if the stock move towards Rs 2700, then we may get a profit of around 65 points." Hindalco Industries"In Hindalco Industries, we are continuously witnessing sustained selling pressure in most of the metal counters. The stock is falling from last couple of series and trading near to the 52-week low levels. Weakness may continue in the counter till it remains below Rs 82, even it can go towards Rs 73-70 zone. So, we are recommending to go for 75 Put, keep the stop loss of Re 1 and expecting this Put to move towards Rs 7," he said.Syndicate Bank"PSU banks are not holding the gains and witnessing pressure at every bounce back move. I have selected Syndicate Bank because of its price waver and the rollover data. In the last series, the stock has seen the liquidation of long positions as total open interest (OI) fell down by around 20 percent on month-on-month (M-o-M) basis. The stock has seen the rollover of more than 85 percent. So, shorts are intact in the counter and longs are liquidating and we are witnessing sustained selling at every bounce back move.""I am recommending to sell the stock with a stop loss of Rs 91 and expecting downside target towards Rs 80-79," he said.Shriram Transport Finance Corporation"Shriram Transport Finance Corporation has recently taken support near to Rs 788-800 zone and usually the stock takes support near to these levels and moves towards Rs 850-880. It is a low beta compared to the index and that is why I have selected Shriram Transport Finance and expecting it to move towards Rs 872-880 levels. Trade with a stop loss of Rs 810 and expect an upside target of 4-5 percent from the current level."Ashok Leyland"We are continuously positive on Ashok Leyland. In last four series the stock was trading in between Rs 64-77 and as it crossed Rs 77, it rallied towards Rs 100 but in last couple of trading sessions it made low near to Rs 78. It is a classical example of a resistance becoming support and as per its price waver and the derivatives data, I am expecting it to retest its high of Rs 99.70 and even move above Rs 100.""So, recommend to go for the bull Call spread, Buy 90 Call and sell 100 Call. In the entire strategy, risk is around Rs 3.5 and if it moves towards Rs 100, then we may get profit of around Rs 6-7. Overall trend is positive and I am expecting the stock to move towards Rs 100 in next couple of trading sessions," he added.