Manav Chopra of Nirmal Bang told CNBC-TV18, "Bajaj Finserv has breached its falling trend line drawn from its recent highs which has come from a short term trend reversal and resumption of the original uptrend. The prices are also currently trading above the short term moving averages which is a positive signal. There are series of support for this stock around the level of Rs 1,260. We recommend a buy with a stoploss of Rs 1,250 and expect a high formation which would give us a target of close to Rs 1,400."
"Kajaria Ceramics has been in a very strong uptrend since past few years. The stock has seen a good rise from its recent close and is currently trading above its important levels. There are strong support clusters for the stock close to levels of Rs 610 and we recommend a buy for an upside target of close to Rs 680," he said.
"Aarti Industries has formed a very strong reversal pattern near its important support clusters with above average volumes which confirms the short term bottom in place. At the current level, we expect a good rise as the overall momentum still continues to be positive for the stock. We recommend a buy in Aarti Industries with a stoploss of Rs 250 for an upside target of Rs 290."
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