Buy Coal India, HCL Tech: Yogesh Mehta

Yogesh Mehta of Motilal Oswal Securities told CNBC-TV18, "Coal India is on the buy list and the consolidation we have seen in the last month was Rs 275 to Rs 300 levels. So, again Rs 275 seems to be a strong support level closing at Rs 287 for the Futures side. Again, we can see Rs 300 as the price target keeping a risk reward ratio on the favourable side. Keep Rs 275 as the stop loss or maybe Rs 277 and one can go long over there.""HCL Tech, post results has gone down, but around Rs 780-790 or maybe Rs 780-800 level is a strong support and would remain in the range of by far seems that on the technical pattern, it shows that Rs 800 to Rs 840 would be the range and it will not go beyond this. So, around Rs 780-800 level, one can enter as a long position for HCL Tech, keeping a target of Rs 830-840," he said.