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Last Updated : Aug 06, 2015 02:14 PM IST | Source: CNBC-TV18

Here are Gaurav Bissa's top trading ideas

Watch the interview of Gaurav Bissa of LKP Securities with Ekta Batra & Anuj Singhal on CNBC-TV18, in which he shared his readings and outlook on Futures and Options (F&O) side of the market, specific stocks and sectors.


Watch the interview of Gaurav Bissa of LKP Securities with Ekta Batra & Anuj Singhal on CNBC-TV18, in which he shared his readings and outlook on Futures and Options (F&O) side of the market, specific stocks and sectors.

Below is the verbatim transcript of Gaurav Bissa's interview with CNBC-TV18:

CESC


CESC is an interesting midcap at these levels. It has seen some short covering and if you look at its open interest patterns of last five to six expiries, you will see that whenever there is a consistent short covering of two-three trading sessions, it has always moved by about 6-8 percentage points. So similar can be expected from the stock this time. It has seen good amount of breakout at Rs 575-585 levels, so I feel one can buy CESC Futures. The short-term target can be around Rs 615-620 and one can keep a stoploss at Rs 575."

Tata Motors

In the last couple of occasions Tata Motors has bounced back from Rs 375-376 zone and this zone has been also one of the more interesting one as far as derivatives is concerned because fresh longs are seen getting build around Rs 385-390 kind of levels. They have been there for the last few expiries but fresh shorts were seen at higher levels and Rs 375-376 is a level where short covering is seen and you see Rs 10-15-20 bounce back from these levels in a very short span of time, so this time also I feel the same thing. There were fresh shorts that were seen getting build but if you look at the open interest data, options data also, you are not seeing lot of buying in out of the money put option in a significant amount, so there can be a bounce that can be seen. I would only play for a bounce. It can get around Rs 390-400 kind of levels but beyond that it will be quite difficult for the stock to sustain those levels as of now. So I recommend going long in 400 Call options and target would be Rs 16 and stoploss at Rs 3.

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First Published on Aug 6, 2015 12:00 pm
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