Buy Apollo Tyres, Arvind, TVS Motor; sell Mindtree: Gaurav Bissa

Gaurav Bissa of LKP Securities told CNBC-TV18, "If you look at tyre stocks, they have been doing quite well whether it is likes of MRF or the midcap names likeCeat, which has been up by almost 5-6 percentage points today. Apollo Tyres had to catch up that kind of momentum. We have seen good amount of buying. Consistent long positions are seen getting built. So if you look at 220 Call option, once Rs 220 is crossed, Rs 10-15 can be seen in a jiffy. One can have a stop loss of Rs 215 and buy the futures for target of Rs 230 and above.""Second is buy on Arvind, this is another stock to see good amount of long accumulation in terms of futures and also in terms of cash positions as well. Lot of buying has been seen in 330-340 Call option. We may see some more upside coming in. A break out on daily charts above Rs 335 levels, one can keep a stop loss of Rs 333 and buy the futures for target of Rs 350," he said."Third recommendation is a buy on TVS Motor. It has been seeing good amount of long unwinding around Rs 335-336 levels, it is comfortably trading above these levels. Today, we are seeing some amount of pressure, but if it is holding these levels, Rs 356-355 in next two-three days cannot be ruled out. One can keep a stop loss of Rs 335 and play for targets of Rs 350.""A sole sell recommendation is on Mindtree. We have seen consistent short positions getting built. It is again on the verge of giving a strong breakdown, can fall till Rs 480-485 levels. One can keep a small stop loss of Rs 518 and play for targets of Rs 490."