Buy Amara Raja, Godrej Ind, Manappuram Fin; sell OBC: Bothra

Kunal Bothra, Head of Advisory at LKP Securities told CNBC-TV18, "The four stocks which I am recommednign, three on the buy side and a solitary sell. The first one is a buy on Amara Raja Batteries. The stock is forming a congestion zone around this Rs 865-880 odd band. I believe if it breaks Rs 870-880 range, over the next couple of hours, I expect a breakout to happen. I am looking at Rs 930 as a target. This stock is also poised to break the 200-day moving averages well, so I think it is a good chart to really look at from the long side, keep stop loss at Rs 840 on the trade." "One can buy Godrej Industries. This is more of a contrarian trade. I think the stock has been taking good support around the Rs 335-340 band and today also, you are seeing some bit of mild recovery happening from the lows of the day. Expect a contrarian approach on the stock. The level of Rs 350 is the target which I am looking at on Godrej Industries with a stop loss at Rs 332," he said."The third stocks is a buy on Manappuram Finance. It is trying to break the upper end of the resistance of around Rs 29.80-30 and I expect a swift move happening. The stock is already trading at the upper end of the bolinger band so, if any move happens above Rs 30 or probably a closing above Rs 30, I expect the momentum to catch up in the stock. I would look at a target of Rs 33, keep stop loss of Rs 28.50.""I have a sell on Oriental Bank of Commerce. The stock has given us fresh breakdown on the daily charts. I expect a continuation in terms of downtrend from the short-term perspective. I would look at a target of Rs 94, keep stop loss at Rs 100."