Buy Cairn India, Vedanta, Hindalco Industries: CA Rudramurthy BV

CA Rudramurthy BV of Vachana Investments told CNBC-TV18, "I have three buy calls. I have a buy call on Cairn India, the stock can definitely do well. It has given a break out above levels Rs 240 and is also showing a rounding bottom formation which is a very bullish signal. This stock for short-term can definitely head towards levels of Rs 262 and even open interest build up is seen on the positive side with prices moving on the upside. The stock can also go above Rs 270 and it can test levels closer to Rs 340 for a medium to longer timeframe. So, Cairn looks for me very positive for all timeframes. Even investors can look at buying this.""I have a second buy call on Vedanta; this stock also had open interest with prices moving on the upside. Vedanta can be bought in futures, look at targets of Rs 245 and one can have a stop loss of Rs 215 where it has made a strong base," he said. "My final buy call is on Hindalco Industries which can be traded on the long side. Look at targets of Rs 175 and one can have a strict stop loss of Rs 160. It is in a clearer uptrend and shorter time frame and hourly charts looks very positive. So, Hindalco looks very strong and can definitely be bought for portfolio and investors can also make good money in it."