Buy Exide, Wockhardt, Hindalco Industries: Gaurav Bissa

Gaurav Bissa of LKP Securities told CNBC-TV18, "In would recommend going long on Exide Industries 210 Call option for target of Rs 6 with a stop loss of Rs 1.5. Lot of long positions was seen getting build post the announcement of quarterly numbers. It went into some amount of unwinding, today also good amount of longs and last two days also they were good amount of long positions getting build. 200 Call option had one of the highest open interest (OI) concentration. It is trading above this, so the next logical targets come to around Rs 210 to 212. One can have a stop loss of Rs 1.5 and play for targets of Rs 6 and above." "Second is buy on Wockhardt. It has been trading in a small range for many days. It seems to be coming out of this range, good amount of long positions are now seeing getting build. 920 Call options can be bought with a stop loss of Rs 22 with a target of Rs 45," he said."Among the weaker names, Reliance Capital looks weak. Consistent short positions are getting build, it is trading below the breakdown levels. 500 Put options can be bought for a target of Rs 18 with a stop loss at Rs 7." "Hindalco Industries even after moving such a nice move today is still in range. So, one can go long above Rs 156-157 in which case the stop loss would be a Rs 154 and target would be Rs 160. It has a stronger bigger break out above Rs 160-162 which if taken out can see at least 7-8 percent move. That can be seen in two or three trading sessions right. For trading, one can buy little bit higher above Rs 156 with a stop loss of Rs 154."