Buy Asian Paints, Jet Airways, Power Grid: Chandan Taparia

Chandan Taparia of Anand Rathi Securities told CNBC-TV18, "We are positive on Asian Paints. This stock is holding the gains and hovering near to its last time high territory. After a positive move this stock has been consolidating and the supports are shifting on the higher side. We have seen better numbers from Berger Paints and I think all these stocks are likely to perform. So, recommending to go long on Asian Paints with stop loss of Rs 1,110 for the upside target towards Rs 1,190.""Second trade is buy on Jet Airways. Couple of days back, this stock has formed a positive price pattern and after that it is now tested the neckline support because of that it is now giving the fresh sign of the positive upmove. The upmove can extend towards Rs 635. So, recommending to buy with a stop loss of Rs 580 on decline. We have seen short covering activities which is also support of the positive move," he said. "We have positive stance on Power Grid, because of the volatility we are now suggesting to go on futures. We are suggesting to buy 175 Call, keep the stop loss of Rs 2 and expecting this Call to double to Rs 10.""Bharat Heavy Electricals (BHEL) has been falling from last four trading sessions. Recently, it fell across Rs 150 zone and now witnessing fresh Call writing even at Rs 147 strike. So, suggesting to buy 135 Put, keep the stop loss of Rs 2 and expecting it to move towards level of Rs 11."