Buy DHFL, HPCL, Hindalco; sell TCS: Chandan Taparia

Chandan Taparia of Anand Rathi Securities told CNBC-TV18, "First trade is a buy on DHFL. The stock has given a strong price breakout on the daily and the weekly chart. It has added open interest by more than 6-7 percent and surpassed the crucial hurdle of Rs 210 zones. So, after a long time, consolidation breakout with open interest activity clearly indicates that positive momentum is witnessed in the counter. So, we are recommending to buy with a stop loss of Rs 204 for upside target of Rs 220.""We have a positive view on the oil marketing companies. Hindustan Petroleum Corporation (HPCL) has been consolidating in a range, but respecting to its multiple support of Rs 902-905 levels. We are expecting it to again start the upmove to Rs 935-940 zones. So, recommending to buy with a stop loss of Rs 902 for a target of Rs 950," he said."Third trade is a sell on Tata consultancy Services (TCS). We have seen some selling pressure in selective IT counters, especially Infosys and TCS. Recently TCS failed to surpass the crucial hurdle of Rs 2,650 zone and because of that, we are witnessing some long liquidation of positions. Some profit booking cannot ruled out in the counter towards Rs 2,510. Recommending to buy with a stop loss of Rs 2,630.""Last trade is a buy on Hindalco Industries. The stock has been holding the gains even after the market pressure which clearly indicates the outperforming nature of this stock. It has added open interest by 8 percent and there is a huge open interest addition. So, recommending to trade with option. Buy 112.50 Call, keep a stop loss of Rs 2 and expect this Call to double to Rs 8."