Rahul Shah, Associate VP at Motilal Oswal told CNBC-TV18, "In metals again we have seen good rally. After a consolidation again it has started moving up. So, JSW Steel is in top of my mind. I think we have seen stock slowly consolidating and seen the longs build up in the future segments. I would buy JSW Steel with a stoploss of Rs 261 and target of Rs 280."
He further added, "Second pick is from a pharma space, pharma index itself is showing after consolidation, some signs of positiveness, so in that space I think Sun Pharmaceutical is again top of my mind. We have seen Sun Pharma consolidating between Rs 520 and 530 for quite some time. I would buy Sun Pharma with a stoploss of Rs 527 target of Rs 560."
"We have seen Shriram Transport Finance again hitting 52-week high on Friday and it has gone into a new range now. So, I think stock is still showing lot of strength from the current level as well. I would buy Shriram with a stoploss of Rs 1,440 target of Rs 1,520," he said.
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