Buy Intellect Design, Balrampur Chini, VIP: CA Rudramurthy BV

CA Rudramurthy BV of Vachana Investments told CNBC-TV18, "I have buy on Intellect Design Arena. This stock is trading in the range of Rs 200-240. It is consolidating in this range and is making a bracket formation. Once we see any move outside the bracket, a big move on the upside is definitely on the cards. However, for short-term traders, Intellect Design Arena looks good; Rs 245 can be the target immediately. By keeping a stop loss of Rs 210, one can go long.""I also have a buy call on Balrampur Chini Mills. This has been one of the best performing stocks, for me, in sugar sector and even technically on charts the stock has given a clear break out above levels of Rs 125-128 zone and now it is headed towards levels of Rs 145-150. So Balrampur Chini is a buy for me. Look at targets of Rs 145 with a stop loss of Rs 130," he said."I have a buy call on VIP Industries. Today, it has given a clear breakout above levels of Rs 125 to Rs 130 zone. In a weak market like today, definitely it is outperforming with 5 percent move on the upside. VIP looks very strong. One can look at target of Rs 145 immediately with a stop loss of Rs 125."