Hemant Thukral of Aditya Birla Money told CNBC-TV18, "We have picked up two stocks on the basis of the rollovers. One is a metal stock, Jindal Steel & Power (JSPL). The way the stock has shown phenomenal rollovers of 89 percent against its three months average of 83 percent and the way the cost has moved up, that means the premium in the next series has moved up, clearly suggests that a lot of long positions have been added up. We feel the stock is now forming a very strong bottom around that Rs 112-113. So, we expect target of Rs 130-135 on the upside."
"The second stock that we have chosen is also on the basis of rollovers i.e. Dewan Housing Finance (DHFL). Again a midcap which has seen quite a severe correction from the highs. Yesterday it saw some buying coming back from Rs 390-395 zones and the 400 Put writers have been very active. More importantly, 93 percent positions have been rolled against an average of 82 percent. So we expect now the stock to hold Rs 390 as a stop loss and expect this stock to test Rs 429-430," he said.
"So these two stocks we have chosen for the next two to three trading sessions."
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