Buy Aurobindo Pharma, Hindustan Zinc, Voltas: Ashish Kyal

Ashish Kyal of wavesstrategy.com told CNBC-TV18, "The first pick is Aurobindo Pharma, the stock was consolidating over past few days within a narrow range of around Rs 810 to 790 and recently it looks like in today’s session there is a possibility it will give a very strong positive breakout. The volumes should start picking up. So, overall there is a possibility we might reach towards the level of Rs 840-842 which was the previous high. So, one can initiate long positions keeping a stop loss of Rs 780 for target of Rs 842." "The next stock on the buy side is Hindustan Zinc. The stock is running up from the level of Rs 165-170 and in today’s session it has formed a very clear higher high and higher low which indicates that the trend is on the upside and also bounce back from an important channel support. The price might be in the sea wave as per Elliott Wave and this can be the third of the seas, so there is a possibility we can see the levels of around Rs 227 to Rs 228 on the charts and one can initiate long positions on Hindustan Zinc keeping a stop loss of Rs 200 for targets of Rs 227," he said."The third call is a buy on Voltas. We can very clearly see an increase in momentum after a decent run up which means that there is no lack of momentum and there is no negative divergence which is going to keep the trend on the upside even now. One can create long positions on Voltas keeping a stop loss of Rs 340 for target level of Rs 393."