Escorts, Exide good trading bets: Thukral

Escorts and Exide Industries are good trading bets, says Hemant Thukral, Asian Markets Securities.

Thukral told CNBC-TV18, "The midcap oil and gas side has seen some addition in open interest. On the midcap front something like a Petronet LNG on Friday saw very aggressive long positions; 10-11%. So I think one should watch out today for that counter. Second would be Essar Oil, again this basically belonging to the same sector single refinery unit adding open interest on the long side."
He further added, "A few auto counters on the midcap side, which had surprised us, something like an Escorts, which continues to see buying every lower levels and in Exide Industries. So these two, may be you can't classify them as largecaps in any case but they are good trading bets, which are seeing some long built up, which is a rare thing, which we are seeing right now in the market."