Chandan Taparia of Motilal Oswal Securities is of the view that one may buy HDFC and IndusInd Bank.
Chandan Taparia of Motilal Oswal Securities told CNBC-TV18, "First trade is buy on Housing Development Finance Corporation (HDFC). The stock has recently bottomed out with multiple support of Rs 1,650-1,660 zone. So expecting some positive move as it surpasses 50-day exponential moving average. We are recommending to buy with a stoploss of Rs 1,675 for an upside target towards Rs 1,760.""Second trade is buy on IndusInd Bank. The stock has given a breakout from its triangle pattern. So some up move could be seen in the counter. It has seen some consolidation breakout, so that could add the momentum. We are recommending to buy with a stoploss of Rs 1,635 for an upside target towards Rs 1,740," he added.