Buy Havells, CONCOR, Bata; sell IRB Infra: Chandan Taparia

Chandan Taparia of Anand Rathi Securities told CNBC-TV18, "We are recommending going long on Havells India. The stock has been making higher top-higher bottom formation from last six trading sessions and trading near to its 52-weeks high level. We have seen open interest addition by more than 55 percent in the entire series which indicates that fresh longs are entering into the counter and the momentum extends to Rs 344 level, so recommending buying with a stop loss of Rs 317 for target of Rs 344 and higher levels.""I have a buy call on Container Corporation of India (CONCOR). The stock is forming a strong and attractive narrow range price pattern and follow-up may lead the counter towards Rs 1,305 to Rs 1,310 level, so it looks attractive. It has crossed falling supply trendline, so it is potential to move by 3-4 percent on higher side. I am recommending buying with a stop loss of Rs 1250 on a higher target of Rs 1,305," he said."I have a buy call on Bata India. The stock has been holding the gain, slightly moving on higher side, making higher tops-higher bottom formation, momentum is intact. Couple of days back we have seen huge delivery in open interest activity and those longs are still intact. So, recommending a buy with a stop loss of Rs 513 for upside target of Rs 540 level." "I have a buy call on NMDC. The stock has seen strong momentum lead by positive news flow. I am expecting it to move towards Rs 109, so suggesting buying with a stop loss of Rs 101 in the future." "We have seen some build-up of short position in IRB Infra as open interest added by more than 4.5 percent with negative price sentiment. It has broken weekly support of Rs 223-224 level. So till it remains below the immediate hurdle zone, immediate support zone, the weakness may continue in the counter. So taking a negative sense on the stock. One can sell with a stop loss of Rs 225 with a target of Rs 211."