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Last Updated : Aug 25, 2015 12:47 PM IST | Source: CNBC-TV18

Here are some stock picks from Chandan Taparia

Watch the interview of Chandan Taparia of Anand Rathi Securities with Anuj Singhal & Reema Tendulkar 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 Chandan Taparia of Anand Rathi Securities with Anuj Singhal & Reema Tendulkar 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 Chandan Taparia's interview with CNBC-TV18

Hindalco Industries

"Hindalco Industries is continuously falling from last one year. The stock has been making lower top, lower bottom formation. We are witnessing a fresh Call writing at every small bounce back in the counter. We have also seen sharp sell-off on most of the counters in metal space including Tata Steel and Jindal Steel & Power."

"We would like to sell Hindalco, trade with 75 Put and keep the stop loss of 50 paisa. I am expecting this Put to move towards Rs 4. The stock has already fallen down so much. So better to trade in the Put where risk is limited as current level," he said.

Ambuja Cements

"Ambuja Cements is trading near 15-months low level, it has broken the immediate support of Rs 215 and Rs 205. I am expecting the weakness to continue, the stock is adding fresh built up of short positions and indicating the weak structure of the counter. So on any bounce back sell the stock, keep the stop loss of Rs 213 and expect the downside target towards Rs 190."

ITC

"Overall we may see some support base buying in selective defensive counter including fast moving consumer goods (FMCG) and IT sector. ITC and Hindustan Unilever (HUL) are holding the gains even after the sharp decline in market in last couple of trading sessions. Although ITC has corrected from higher levels, I am expecting it to take support near Rs 310 zone and again it can move towards Rs 325-330 levels. So on declines, buy 320 Put near Rs 4, keep the stop loss of Re 1 and expecting this call to move towards Rs 10."



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First Published on Aug 25, 2015 12:08 pm
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