Ashish Chaturmohta of Fortune Group told CNBC-TV18, "We are recommending a long call on Aditya Birla Nuvo. Aditya Birla Nuvo has been consolidating for last 4-5 weeks between Rs 1900-1600 odd levels. Today we have seen a very decisive breakout with very strong volumes as well as open interest activity. Clearly it is indicating that lot of long accumulation has happened in the stock. On downside one can keep a stop below Rs 1845 and on upside we are expecting the stock to target Rs 1990-2000 levels in next one to two trading sessions."
"We are recommending a long call on Adani Enterprises. Adani Enterprises from the lower levels of Rs 660, has seen a very strong volume activity. On downside the stock has a very reasonable support around Rs 668-670 levels. So, keeping that as a stop loss one can initiate a long for an upside target of Rs 715 in the stock," he said.
"On the short side I think PSU midcap banks are showing lot of weakness. So, in that space Bank of India is looking quite weak. We are recommending a short call in the stock with a stop loss about Rs 203 and expecting a target of Rs 178."
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