Here are few stock trading ideas from Amit Harchekar

Watch the interview of Amit Harchekar of A Plus Analytics with Nigel D'Souza & Reema Tendulkar on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.Below is the verbatim transcript of Amit Harchekar's interview with CNBC-TV18Tata Motors"Tata Motors has confirmed a start of a new bear market on yearly basis. Recently the stock has also closed below crucial support of Rs 360. The open interest data also suggests that there has been a lot of unwinding taking place the moment it closed below Rs 360. We are expecting the stock to move towards Rs 314-315 in the near-term. So, even in case Nifty manages to bounce back, we do not expect Tata Motors to outperform the markets. So, from a trading perspective one can initiate short positions at these levels. Maintain a tight stop loss of Rs 362 in the near-term." State Bank of India"Second short recommendation would be on State Bank of India (SBI). On the long-term chart, the stock is forming a head and shoulder top pattern which projects a price target of nearly Rs 150 in next 7-8 months. However, the recent derivatives data is suggesting that the stock could be coming into selling pressure even if market manages to go up. In the pull-back towards Rs 280, the stock has seen a cut of nearly 90 lakh shares of open interest and this data suggests that some smart money which was stuck at higher levels, they have exited the long positions," he said."We believe that the stock has a good potential to go below Rs 260 in the near-term. So, one can initiate short positions in State Bank of India with a stop loss of Rs 290 and we are expecting the stock to retest Rs 260 levels soon."HDFC"Housing Development Finance Corporation (HDFC) has been going through a good accumulation. We felt that stock would come into severe selling pressure. But right now despite delivery based selling happening in the stock at higher levels, there has been good long accumulation taking place on the futures side. In the last five trading sessions, we have seen additions of close to eight lakh shares of open interest.""We believe that since the stock has now moved closer to rising support line on a weekly basis, there is a good potential for the stock to move higher towards Rs 1,330-1,340 zone. So, we would recommend going long on HDFC even at these levels. A stop loss for your long positions will be at Rs 1,210 which turns out to be the rising support line," he said.Pharma"We do not expect Sun Pharmaceutical Industries to outperform beyond Rs 950-960. Probably we would stay away from pharmaceuticals because we think most of the rally is done."ITC"It is good encouraging move which has happened in the market. A stock like Infosys was trading into a bubble and that is why long unwinding has started to take place and the money is flowing to defensives to ITC. We do like ITC even at these levels. We are expecting the stock to move towards Rs 345-350.""From a trading perspective, around Rs 331-333 there could be a minor resistance coming in. So, from trading perspective, you need to maintain tight stop loss of Rs 320 if you are taking long at these levels. We are expecting it to go to Rs 345," he said.Disclosure: Analyst has recommended the stock to his clients but has no personal holdings.