Buy Amara Raja Batteries, Sun TV Network: Chandan Taparia

Chandan Taparia of Anand Rathi Securities told CNBC-TV18, "We have positive view on the selective battery counters specially Amara Raja Batteries and the Exide Industries. In Amara Raja, we have seen open interest (OI) addition of around 10 percent. The stock has seen the strong recovery from Rs 986 to Rs 1,045 levels and given the highest daily closing on the daily charts. We have seen the build up of long positions and this momentum may drive the stock on higher side. So, recommending a buy with a stop loss of Rs 1,010 for the immediate target of Rs 1,100.""Sun TV and all the media counters are on radar and adding fresh build up of long with the delivery volumes. We have positive view on the TV18 Broadcast, Zee Entertainment, Dish TV and Sun TV. We are recommending to go long on Sun TV," he said."Sun TV is trading at 5 years high level and has given the fresh break out with the rise in trading and the volume activity. Overall momentum my take it to up by 15-20 percent on a positional basis, but on the immediate basis, I am recommending to buy with a stop loss of Rs 490 for target of Rs 540 levels."Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com.