Buy Bharat Forge, Lupin, L&T Finance; sell M&M: Aditya Agarwal

Aditya Agarwal of Way2Wealth Securities told CNBC-TV18, "Bharat Forge has been consolidating in the range of Rs 720 and Rs 780 for the last couple of weeks. At current level, we are seeing some fresh long position getting build up in yesterday’s trade. In last two trading sessions, the stock had added long positions, so from these levels risk reward ratio is clearly in favour of buyers. The stock may again retest Rs 775-780 level in short term, so one can go long keeping a stop loss of Rs 725 and target of Rs 775-780.""Lupin has seen a sharp rally from Rs 1,400 to Rs 1,700 and after that the stock has been consolidating in a range. In yesterday’s session, the stock gave a breakout from this range of Rs 1,680 level and today we are seeing it trading above that only. So, we are expecting that the stock may see some more upside and on higher side can easily test Rs 1,760-1,780. At current level, or any decline towards Rs 1,680 can be used to initiate long positions with a stop loss of Rs 1,650 and on higher side, we are expecting target of Rs 1,760-1,780 in the short term," he said."L&T Finance Holdings has seen a correction of almost 10 percent in last two weeks, but if we see it on the lower side then Rs 74-75 is a very strong support area and from those levels again we are seeing some pullback in today's session. So, we are expecting that the stock may see some more short covering ahead of the results and on higher side can test Rs 80 levels. So, with a stop loss of Rs 74.50 one can go long at current level with a target of Rs 80.""I would like to give a sell call on Mahindra & Mahindra. After a sharp rally, this stock has been trading in a range of Rs 1,414-1,480 levels, but around Rs 1,480 the stock has a strong resistance and is facing some selling pressure at that level. So, for one or two day's perspective, we are expecting some more correction on lower side, it can test Rs 1,420-1,415 levels. With a strict stop loss of Rs 1,480 one can go short in Mahindra & Mahindra with a target of Rs 1,415," he added.