Buy Hero Moto, HUL; sell Shriram Transport: Chandan Taparia

Chandan Taparia of Motilal Oswal Securities told CNBC-TV18, "We have positive view on selective auto counters. Even after the market profit booking, selective auto stocks like Hero MotoCorp, Bajaj Auto and Mahindra and Mahindra (M&M) are holding the gains. We have positive view on Hero MotoCorp. Recently the stock has bottomed out near to Rs 3,050 levels and holding the gains from last two trading sessions. We have seen built up of long position, so, recommending to buy with stop loss of Rs 3,140 for the upside target of Rs 3,410." "Second trade is buy in Hindustan Unilever (HUL). The stock has given a consolidation break out and trading near to its 5-month high levels. Overall pattern is positive and a small follow up may take it to Rs 915-920 kind of zones. So, recommending to buy with a stop loss of Rs 858," he said. "Last trade is sell on Shriram Transport Finance. Yesterday, we have seen selling pressure in most of the NBFC companies and Shriram Transport Finance is forming a negative price pattern and that is the triangle on daily chart. So, it has given a break down and because of that, selling pressure may continue. We are recommending to sell on small bounce back move with a stop loss of Rs 924 and expecting it to head towards Rs 850 kind of levels."