Avind may test Rs 292, says Hemant Thukral

Hemant Thukral of Aditya Birla Money told CNBC-TV18, "I have chosen the stocks which have shown best parameters and the best technical charts last week. The reason is that we will open weak but I feel that the strong set of stocks may outperform. Especially in Arvind, one can keep a stop loss of Rs 273 because I am expecting it to open gap down by 2-3 percent and the target would be Rs 292; 7 percent open interest added up and the stock has managed to hold 200-days moving average and rebound sharply, so it looks strong.""The other stock is Motherson Sumi Systems. I will be looking very carefully at this stock. The reason being, good open interest added up on the back of results. If the stock dips a bit, we will keep a stop loss of Rs 250 and eventually I see the stock testing Rs 283-285 on the upside. So these two midcaps, even in the falling market if you find a gap down, should be able to move up. So one should buy if one finds an opportunity today," he added.