Buy Arvind, target Rs 318-320: Hemant Thukral

Hemant Thukral of Aditya Birla Money told CNBC-TV18, "The main reason to buy Arvind is the way the open interest (OI) is being added up even on a day like Friday, 7.5 percent OI add up in a stock future with the premium moving up which is clearly telling that at lower levels we have seen signs of buying coming back.""The level of Rs 302-303 remains a very strong support for the stock. So that will be a stop loss and immediate target is Rs 318-320. I think it is a good stock for traders to buy into and it is currently showing a lot of strength," he added.At 09:40 hrs Arvind was quoting at Rs 314.30, up Rs 4.60, or 1.49 percent. It has touched an intraday high of Rs 316.50 and an intraday low of Rs 312.30.